Note: Collections and judgments paid off in last 60 days.
2007-03-24 14:49:54 · 8 answers · asked by Amy T 1 in Business & Finance ➔ Renting & Real Estate
If you can verify two years of income, work history, and rental history then you sure can!
There are various programs that lenders are offering now that are similar to FHA loans. Even an FHA loan itself may be a good choice for you. Especially if you've paid your debt off. You can get a fair rate and it's a 30 year fixed too.
Best of luck to you
2007-03-24 16:04:12 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Yes, you can. My husband just got approved through Fannie Mae 100% loan, with a FICO score of 582. So, it is very possible. Go through a local mortgage company though because they seem to be better at getting you approved. Good luck!
2007-03-24 22:23:26 · answer #2 · answered by Jessica R 2 · 0⤊ 0⤋
I did! My closing is next week. My Fico is in the mid 600s. Debt to Income ratio is low for me. I think they must really look at that. But I qualified for 100% financing first time homebuyer. Apply and see it can't hurt!
2007-03-24 22:21:29 · answer #3 · answered by k k 1 · 0⤊ 0⤋
Yes its possible, there are a few levels of fannie mae approvals & the rate increases with your level of approval. Definalty apply if nothing negative & this may work for you.
2007-03-24 22:12:45 · answer #4 · answered by Principessa 3 · 0⤊ 0⤋
Amy,
I can help you with some great resources! Just shoot me an email to msmith@premierloangroup.com, and we'll get you set up!
Marty
2007-03-26 08:57:52 · answer #5 · answered by Anonymous · 0⤊ 0⤋
You are not in the best situation. The larger your down, the better your chance.
2007-03-24 21:53:35 · answer #6 · answered by ttpawpaw 7 · 0⤊ 0⤋
you should hurry up and try because the sub-prime division is almost gone
2007-03-24 22:24:47 · answer #7 · answered by josephcodner 2 · 0⤊ 0⤋
Apply and see what happens.
2007-03-24 21:52:38 · answer #8 · answered by newyorkgal71 7 · 0⤊ 0⤋