homebuyer program ??

Question

I heard about a program that will finance you based on your income and not off of your cedit score. anyone have the scoop on that? I have never bought a house so this is new to me

Answer 1

There are a number of new and inventive products out there for mortgages. It is getting competitive in the world of finance and I can't think of a better time to obtain financing.

This type of product was developed for people that may have begun a high paying career that may have come right out of school and don't have a large down payment and haven't been in the workforce or established credit.

For example:

A dentist or doctor or business major who begins a 6 figure job after being in school for 8 years,

It doesn't cost you to have a mortgage broker assess your borrowing power. Find out what you can borrow - it might astonish you!

Answer 2

There have always been hard money lenders out there willing to lend at a premium interest rate. Many people mistakingly believe there score to be too low to get financed by normal means. I recommend you take 30 seconds and fill out the free evaluation form at

www.totaldebtsolutionsllc.com

and a loan officer from their nationwide network will contact you to let you know what options are available to you. Good luck.

Answer 3

I've heard of NO INCOME verification loans. I've heard of NO SEASONING of funds loans. I've even heard of STATED INCOME loans.

Never heard of NO CREDIT verification.

There are programs that will give you grant money. That can help with down payment and/or closing expenses. There are also some that lend the money at reduced interest rates based on your income and family size. Of these, I've always seen that you still must have acceptable credit.