2007-11-01 04:20:31 · 8 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
I Live in the UK so anything for the UK would be more helpfull
2007-11-01 04:58:45 · update #1
My friends Lefty and Sharky Rizzo will probably oblige. Go down to The Blind Beggar at 10:30 any night and tell them Mario NoName sent you....
BTW, do you have any limbs which are already broken? This may affect your credit score with us.....
2007-11-01 05:22:13 · answer #1 · answered by eriverpipe 7 · 0⤊ 1⤋
There are but you have to do a lot of research into this. Its not so common anymore with market the way it is today. Go check out lenders at The Fannie Mae website it has great information about lenders and how you can fix your credit score so that you may not even need a specialty lender.
Good Luck!! and be careful of predatory lenders!!!! If it sounds to good to be true it probably is.
2007-11-01 04:25:11 · answer #2 · answered by danczar1 2 · 0⤊ 0⤋
In this current mortgage market, probably not. The few you might find will charge a ridiculous rate of interest. The subprime/foreclosure fiasco of the past year has caused lenders to drastically change their criteria for issuing mortgages. They have learned a hard lesson.
2007-11-01 04:24:20 · answer #3 · answered by acermill 7 · 0⤊ 0⤋
if you have no credit lates in the last 12 months you can go with MyCommunity mortgages with zero down...but you need a 620 to avoid HIGH PMI.
FHA doesnt have a score requirement...so you can have a 400 score, but you cant have any credit lates in the last 12months. FHA requires 2.25% for a down payment. Hope this helps
2007-11-01 04:43:33 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Not very likely. Your best bet is to go for an 80/20 loan, might cost you more, but you get the 100%. Or explore the grant programs in your area for first time homebuyers. Look into seller contribution, this will provide you some extra money allowing you with less to come up wtih.
2007-11-01 04:24:15 · answer #5 · answered by That is all 3 · 1⤊ 0⤋
Probably, but why would you want to? You're going to have to pay out PMI (insurance) every month with nothing down, which is going to cost you, plus you'll probably only qualify for a negative amoritized mortgage, which is a very, very, very bad idea!!! The best thing you can do is start changing your bad credit score (which follows you around for 7 years) by paying off your credit cards, paying your bills on time and not borrowing too much money!!
2007-11-01 04:25:08 · answer #6 · answered by ? 3 · 0⤊ 2⤋
No. Even if you have great credit, you still need to make a down payment. Plus its based on your income. If you only make $45,000/year they will only lend you about 60-75% of your income.
2007-11-01 04:26:09 · answer #7 · answered by Pandora 4 · 0⤊ 0⤋
Only loan sharks
2007-11-01 04:29:19 · answer #8 · answered by ginoguarino 3 · 0⤊ 0⤋