Comments on: Can I get a mortgage with bad credit, but 20% down? http://www.zerodownwebsite.com/bad-credit-mortgage/can-i-get-a-mortgage-with-bad-credit-but-20-down FREE Info - Learn How to Buy with a Zero Down Mortgage. Mon, 26 Dec 2011 02:12:47 +0000 hourly 1 http://wordpress.org/?v=3.0.5 By: crystal http://www.zerodownwebsite.com/bad-credit-mortgage/can-i-get-a-mortgage-with-bad-credit-but-20-down/comment-page-1#comment-1618 crystal Fri, 05 Mar 2010 23:29:59 +0000 http://www.zerodownwebsite.com/bad-credit-mortgage/can-i-get-a-mortgage-with-bad-credit-but-20-down#comment-1618 for ANY loan you need a mid score of 580 right now and atleast a 2 year CLEAN mortgage history. Being that it went into forclosure you are prob looking at 5 years. You do have some option however. Lease purchase and owner financing are just two of them. Depending on what type of home you are looking for and how much you the price is may even be able to buy a home for cash with your 20% that you were going to put down. If you want some info on buying outright with a small amount of cash let me know via email and I can give you some info that my attorney and several R.E investors I know gave me<br><b>References : </b><br>16 years in the mortgage field for ANY loan you need a mid score of 580 right now and atleast a 2 year CLEAN mortgage history. Being that it went into forclosure you are prob looking at 5 years. You do have some option however.

Lease purchase and owner financing are just two of them. Depending on what type of home you are looking for and how much you the price is may even be able to buy a home for cash with your 20% that you were going to put down. If you want some info on buying outright with a small amount of cash let me know via email and I can give you some info that my attorney and several R.E investors I know gave meReferences : 16 years in the mortgage field

]]> By: Glenn S http://www.zerodownwebsite.com/bad-credit-mortgage/can-i-get-a-mortgage-with-bad-credit-but-20-down/comment-page-1#comment-1617 Glenn S Fri, 05 Mar 2010 22:49:59 +0000 http://www.zerodownwebsite.com/bad-credit-mortgage/can-i-get-a-mortgage-with-bad-credit-but-20-down#comment-1617 No.....the easiest type loan that is available is an FHA and you need at least a 580 FICO. A 580 FICO is marginal for FHA and both Fannie and Freddie require much higher. It doesn't matter if the property is a REO or not.....banks must meet FannieMae/FreddieMac or VA/FHA standards and to make the loan and a 550 FICO doesn't meet those standards. With a foreclosure on your credit record you are going to be renting for at least 2 years no matter what your FICO score is.<br><b>References : </b><br> No…..the easiest type loan that is available is an FHA and you need at least a 580 FICO. A 580 FICO is marginal for FHA and both Fannie and Freddie require much higher.

It doesn’t matter if the property is a REO or not…..banks must meet FannieMae/FreddieMac or VA/FHA standards and to make the loan and a 550 FICO doesn’t meet those standards.

With a foreclosure on your credit record you are going to be renting for at least 2 years no matter what your FICO score is.References :

]]> By: nronronronro http://www.zerodownwebsite.com/bad-credit-mortgage/can-i-get-a-mortgage-with-bad-credit-but-20-down/comment-page-1#comment-1616 nronronronro Fri, 05 Mar 2010 22:36:59 +0000 http://www.zerodownwebsite.com/bad-credit-mortgage/can-i-get-a-mortgage-with-bad-credit-but-20-down#comment-1616 REO (bank owned) properties can be bought with 20% down and terrible credit. Contact your local banks.<br><b>References : </b><br> REO (bank owned) properties can be bought with 20% down and terrible credit. Contact your local banks.References :

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