I have good credit & too much debt, it is still possible to get a mortgage w/ZERO down?
Of course you can here is what you need. Solid work history preferable 2 years at your present job and a score greater than 640. Another option is a score greater then 700 and weak work history. If you have either one of those scenarios you can get a mortgage but keep in mind they come with higher interest rates than other scenarios as the first scenario is a "stated" program where you tell the lender without verification how much you make a month. Second scenario is a "no doc" loan where nothing is proven and credit is the only compensating factor. I hope that answers your question but if you have any further questions or need any help please feel free to email me.
Comments
7 Responses to “I have good credit & too much debt, it is still possible to get a mortgage w/ZERO down?”
Leave a Reply
Boost Your Credit Score by 135 Points
Discover how to DELETE 30, 60, 90, 120, and even 150 day late-pays from your credit report virtually overnight!
Click Here for
Your risk free trial!
Here’s How You Can Boost Your Credit Score By 135 Points Or More In Just 37 Days
Discover how to DELETE 30, 60, 90, 120, and even 150 day late-pays from your credit report virtually overnight!
Click Here for
Your risk free trial!
Now is a great time for that! Housing market is in a slump and they are willing ot work with everyone! Try for a fixer-upper and get cash back at closing to fix it, fix what has to be done cheap and then pay down some debt with the rest. Good luck!References :
No one can answer that question for you until they have more information. You need to get with an experienced Loan Officer to take a full loan application and pull your credit. From there you can see if your debt is making it hard to qualify. At the very least, you will come up with a game plan to buy your house down the road.References : online application, http://www.choicefinance.net/apply/apply-online-mortgage_home_commercial.html
no it sounds like your D.I.T. DEBT TO INCOME is roo high they more than likely will want a down payment or ask you to get rid of existing loans first.References :
opay down some debt first then go talk to them or just go ask them what they can do. they are all different but guildlines are generally sameReferences :
Yes you can, how good is your credit? If your score is over 640, i can help you get that loan. Email me at ryanw@cmgcap.net.References : branch manager, mortgage company
Of course you can here is what you need. Solid work history preferable 2 years at your present job and a score greater than 640. Another option is a score greater then 700 and weak work history. If you have either one of those scenarios you can get a mortgage but keep in mind they come with higher interest rates than other scenarios as the first scenario is a "stated" program where you tell the lender without verification how much you make a month. Second scenario is a "no doc" loan where nothing is proven and credit is the only compensating factor. I hope that answers your question but if you have any further questions or need any help please feel free to email me.References : Mortgage Consultant with Silver Creek Financial Group, LLC
if you have good credit, you can get 100% financing with stated income programs. your interest rate will be higher, but this will be your decision if this is right move for you in this time.References :