Lenders Home Loans

Sherri Said:

Where are the low-income home mortgage lenders that actually make home loans to families with low incomes?

We Answered:

Hello
I am a broker. Do you make 2k a month? How much is the house that you are looking at? Do you have a down payment? or is the seller of the property willing to give you a seller held second on the property plus pay your closing costs. If you can answer these questions realistically, then i can help you acheive your dreams, the rate might not be favorable but your credit score might be higher than what you think it is. A credit report that you pull of line is actually lower than a mortgage credit report. What state are you in?

Betty Said:

Are there any lenders who do home loans with low credit scores?

We Answered:

FHA requires at least a 620 and even that might not be enough. Gone are the days of creative financing and subprime mortgages. If you have bad credit, you won't qualify.

However, if your low score is due to lack of history, you might have a chance if you have all the other requirements -- stable work history, low debt to income ratio, big downpayment, etc.

Wallace Said:

Does lenders every give home loans with ZERO closing costs ?

We Answered:

You can get your lender to pay closing costs. It is done with premium pricing. The rate will be higher. Many of the closing costs associated with a mortgage are paid to someone else...appraisal, credit report, attorney fees, title search, title insurance, flood cert, recording fees, tax service fee, doc prep fee, etc. The mortgage company cannot charge you more that those companies charge them.

Thomas Said:

Im a broker looking for more FHA wholesale lenders doing Manufactured home loans. Land home packages.?

We Answered:

Try United Wholesale Mortgage and Peoples Home Equity

Kathryn Said:

Should Lenders be required to modify home loans before allowing foreclosure?

We Answered:

No, there is no way our economy could take a hit like that. You seem to be forgetting that the principle is cash money that the borrowed was given. Aside from the huge financial hit there is the ethical issues, you are essentially stating that anyone refusing to repay a loan should be allowed to just walk with the money. That kind of attitude would stop all commerce, as no one is going to be lending any money anymore.

Charlene Said:

Do you know of ant lenders who offer bad credit home loans?

We Answered:

Don't lose hope if you're looking to buy a home. There are so many different ways to fund a home now, just about anyone with any kind of credit can get into a home, regardless of credit situation.

Of course, some will cost you more money in the long run, but a home it's still one of the best investments that you can make, so, in many cases, it's worth it, especially for the first year of ownership.

You should shop around, and ask different lenders what kind of programs they have, and if they can help. Try to find a lender that specializes in bad credit mortgages. You can find some bad credit mortgage lenders listed on this page on and off:

http://www.axalda.info/bad-credit-mortga…

Jay Said:

I am 60 points below the ideal credit score for a home loan. is there lenders who give loans to poor credit?

We Answered:

Check it out here. It’s an excellent site with some wonderful options for you. It will definitely help you. Have a look.

http://loan-house.we.bs/homeloans.html

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