My monthly income is 5500 before taxes. I have no debt (i even own my car) and I have 20k to put down and it is telling me that I can only get a loan on 200k house????? I know a friend of mind who makes less than I do who got a loan for 300k just last year. What is the deal.
oh, and my credit score is 730

Does anyone know any Mortgage Company that is doing loan 100% financing, 0 down to people with a credit score of 600-605?

I am so ready to move out of my rental, and according to most of the online mortgage calculators I would qualify for a loan. How much difference does your credit score make? I have been making all payments on time for over 6 months and there are a few black marks set to come off my credit report in August. Also, how are student loans viewed, as I have some student loan debt?
I just checked out an online debt-to-income calculator and it says I have a 19%. This I know is correct as the figures are very straight-forward. This is a good sign, right?
Also, I have made an appointment with my bank’s mortgage originator for tomorrow afternoon. I’m just very nervous about what I’ll learn there and I’m hoping for some reassurance. So thanks!

I was approved for a residential construction loan in March of 2008. I built the house and it was finished and inspected in November of 2008 and at that time I moved into the house. Now, almost a year later, the bank that granted the construction loan cannot find someone to finance the balance in a mortgage. The house is worth quite a bit more that I built it for, so I will have a lot of equity in the home. The bank that financed the construction loan is being NO help at all in aiding the process of converting the construction loan into a mortgage. I have been paying the interest payments on the construction loan for well over a year, and due to a variable interest rate, the payments are higher than my proposed house payment. What can I do?
To the person who asked if I have called around or looked at Lending Tree - The bank that financed the loan tried several times to get it financed and they could not find anyone to cover the loan. I am just wondering what happens if I can’t get it financed. My credit score, debts, ect. have not changed for the worse since I was appoved for the construction loan. Does the bank who has the construction loan have to help me getting it financed as a mortgage?
My bank is the one who gave me the construction loan.

I plan to start a career as a loan officer and want to do business primarily on the internet, from home, as well as get the training on-line and/or by phone. I’m thinking about joining either Apex Lending or Premier Mortgage. Trancontinental Lending Group is also an option. Anyone have feedback regarding these companies? I’m really leaning towards Apex Lending because I like the business structure, however there is a one-time 0 fee for purchasing software that allows you to run the business on the internet and from home. The software has the 1003 appl, credit score/info viewing, matches programs to client info, manages your accounts, funds, can do business in atleast 20 states, etc. Is having to pay this fee a norm when getting started, if so, are there companies that have a lower start up fee? I have taken a 24-hour mortgage broker course in Florida recently, but haven’t taken the licensing exam yet. I will need a mentor for the first few deals and would like to get started soon.

dismissed bankrptcy 1X but then pd in full & discharged 1/06; have paid car loan 2 yrs never late (only current credit); i am with a debt correction company for only 2 mo & some things have been deleted. now have 626, 610 & 650 credit score. I am currently saving ,000 (hopefully for settlement). i make approx 18 mo gross & have a p/t job (0 mo-working 2 years). can i get a prime mortgage lender to finance a house (0,000), what interest rate do you think i would get?

My husband has limited credit (590 credit score) But nothing bad on his credit. Does anyone know which mortgage company is most likely to approve us for a loan as first time homebuyers and 100% financing?

His credit score is approx 550 and it showed that I dont have a credit score. His income is approx ,000/mth and we are trying to get financing for a ,000 house. He has a forclosure from approx 2yrs ago. and we dont have any debt ratio (car payment, credit cards, other loans, etc). Any help would be appreciated, thanks a bunch!!

i have a credit score of 570 and have no money to put down any help to someone who might knw how to help me get this loan to purchase my home????

Hi,

My husband and I bought our home 2 years ago on with an adjustable rate mortgage. The interest rate has now come up and we need to refinance.

The problem is that our credit score is about 600.

Can we get a refinance? Our home is worth about 0K, we have K in debt, and we make about 0K per year.
Thanks Bob,

But we really can’t afford the extra costs. Our payment went from 00 per month to 80 per month.

What would the rate be for a credit score of 600?

I would like to know if it is possible if I can get a 100% mortgage loan, also do stated income due to the fact I have my own business and my credit score is 676.

My family and I are tired of renting. I have a credit score of 530 and admit that I have a bad history of paying on time. I base it on importance first of all. For example, I pay my rent on time every month but I always pay my loan payment about a week late every month. I am planning on paying off 3 loans that I have with my income tax. I should be saving about 0 a month. I calculated that if I pay 0 a month now in rent, I can contribute an additional 0 in paying for a house payment. My husband also just got on disability so this would help out as well. I should be getting a dollar raise next month also. I make about ,000 a yr but next year should be better. I have been employed for 2 1/2 yrs at the same place and dont plan on going anywhere else. What is best for my situation? I tried buying a home last year but I went with Wells Fargo Home Mortgage since I have a checkings account there. Basicly the guy there told me he couldnt help me with a 500 score and that owner finance would be my best bet. I have looked into owner finance but havent found too many homes out there. My lease ends in a few months and I am tired of living in the bad neighborhood that we live in. I really need some advice. Which would be my best option? Should I wait for my raise next month? Should I wait a month or 2 after I pay off my loans during income tax? Honestly, we want something where we can get the taxes and insurance escrowed.

Does anyone know any Mortgage Company that is doing loan 100% financing, 0 down to people with a credit score of 600-605?

A re-verse mortgage company gave me a foreclosure notice and I have to 2weeks to pay a loan of 120 thousand my estate’s estimated worth is 635 thousand. My credit score through equifax is at 659 now. the title of the house is in a
living
trust that my
grandfather had left me as executor of. I still need an updated appraisal. I would like a re-finance loan of 180 thousand to pay off the reverse mortgage and to have some extra money for expenses. Please please let me know what I should do in this delema?

I’m buying a ,000 house according to tax records for ,000, but want to get ,000 because it needs repairs. It shouldn’t really matter to the mortgage company how much I paid for it, because in the (extremely unlikely) event that my house was repossessed, they’d have a ,000 house to sell. Especially since I’m investing the extra money into it and doing the work myself. It would definately be worth well over 0,000 when I’m finished. I don’t want a home equity loan because I want just one payment with just one interest rate. My credit score is 702. I should be able to get a loan.

We have asked a couple of companys and no one wants to help us. We filled in 2001 and it was discharged in 2003. We have a fair credit score. How can we start over if no one will give us a chance?

I found a home I really like but its 000 and my income is 00 per month. They can give me either option to finance myself or mortgage. I want a mortgage because I would like to have everything escrowed and then refinance after 2 years. My credit score is 561 and maybe I can get a better interest after 2 yrs. What would be my best option?