i need a mortgage and have little money down. monthly income is around 00 and really no other bills. however, i have a bankruptcy that is just over a year old. my credit scores are 630, 624 and 600….does anyone have any suggestons where i could find a mortgage company that will finance me with the mortgage meltdown as it is now?

Brokers are the most preferable to get home loans, correct ?Especially if I’m challenged on credit scores, but not LTV% or DTI. Am a first time home buyer and perplexed by what the market offers.

My adjustable rate has gone up this month and will go up again in 6 months.

Will I be able to get a fixted rate with credit scores between 680 and 720.

How do I go about it and will I have to have my home apraised? I bought the house for 160000.00 and now owe about 130000.00 on it. How much will they refinace, all of it or only 80%.

The rate is going to kill me.

I called a mortgage company today and found out my hubby’s credit is 523 and mine is 499. We are looking at buying in about a year and the guy recommended we going through a women in there office to clean up our credit.So we could get our scores(or atleast his up to 580)

It is like 299-499 to do this but he figures within a year we could get 100% financing.

Do you think this is worth it?

We both had 2 credit scores and he took the lower of the 2…Hubbys(548 & 523) Mine(499 & 494)

We are hoping to move to the Fort Worth Texas area in about a year

My husband and I are trying to obtain a mortgage for our first home purchase. We have little to no money to put down and have low credit scores. Would either of these lenders help us even though our credit scores are low?

i need a mortgage and have little money down. monthly income is around 00 and really no other bills. however, i have a bankruptcy that is just over a year old. my credit scores are 630, 624 and 600….does anyone have any suggestons where i could find a mortgage company that will finance me with the mortgage meltdown as it is now?

My husband and I are scheduled to close on our first home on March 28th, so five days away. It is a 1,941 square foot home in Fort Worth, Texas. We were approved for a 15-year FHA loan at a 5.5% fixed interest rate. The builder had the house listed at 3,990 and said they were discounting it to 7,990 because they are trying to meet their quotas and their year end is March 31st. Our realtor and his wife are both in the real estate business. He is a realtor and she is a broker, so they are getting a big commission off this deal with the builder. The realtor is going to pay off apartment lease (0 per month and we have 3 months left), and pay two mortgage payments for us at ,511 and some change. We both have fairly low credit scores (mine 534 and my husbands 575), but we got 100% financing. They are rolling our closing costs, appraisal fees, etc. into the loan.

Does this sound like a good deal? Is there anything that sounds fishy?

My boyfriend and I would like to buy a house. We have no money down. We are looking between 130k-190k. We want to roll this into obviously a 100% financing mortgage, including closing costs. I am not sure for this finance amount how much PMI would be. I would like to avoid PMI and maybe get an 80/20 loan. The thing is…in 3 years my boyfriend will have his bosses job, which ups his salary quite a bit. I was thinking if we took the 80/20, once he got that job we could pay the 20% part off rather quickly, then be left with the 80%. Is this a good idea? Or is the PMI a much simpler way? How much does doing the 80/20 up the rate? I need some suggestions!
thank you to those of you who understood what i meant by 2 loans (80/20). And though i do appreciate the concern about buying a house with a boyfriend and not a husband, the question was about mortgages, not my personal life.
thanks for all your help everyone….we did get pre-approved already for much over what we are looking for, and we both have excellent credit scores……so i think the 80/20 is the way to go! THANKS!

What interest rate can I expect on a mortgage loan with my credit scores?
Today I have 564 588 654…I am hoping to have my mid-score up 10 pts by tomorrow, and then i am applying for the loan with the bank. I want a fixed rate, 100% financing, 30 yr loan for 0,000. My income and debt ratios are good. I am closing on the Aug 6th. I have already had the house appraised at 2K, I am paying over K in closing costs, and the house has been inspected. This is my first home purchase, is there anything I am missing?

How much does a mortgage broker make off a refinance loan? vs How much does a bank employee doing a refinance make off a refi loan? Besides ideal credit scores, what steps can be taken to ensure getting the best possible rate?