answersLogoWhite

Top Answer
User Avatar
Wiki User
Answered
2015-07-16 18:17:01
2015-07-16 18:17:01

You don't say what your credit scores are so I will tell you this-- if your scores are 560 and above, your credit scores are low because of past due payments, you don't owe any outstanding balances on accounts that have been charged off (as they will have to be paid off at the closing)--you can get an approval.

You will need closing cost money as sellers won't be able to pay it all.

You need to find a mortgage loan broker--call the state licensing dept and get names of companies in good standing. Talk to several people-meet with them--don't just go with the first good talker unless he/she out talks the others. He/she needs to work with several lenders with a variety of programs. Get everything in writing--fill in all blanks. Do not give your social security numbers to anyone until you are ready to have your credit pulled.

Have all your paperwork ready--bank statements (last 2 months-no nfs showing), any assets that you can show like savings, life insurance money, 401K with some kind of liquid balances, gift letter from a very close relative and a cry letter* and copies of last 12 rent checks,(front and back)or the last 12 bank statements showing that the same amt $1500 was paid about the same time every month or a verification of rent letter signed by a management office. (It can not be a letter written by the landlord as a lender will not accept one).

Cry letter--should explain why you went past due, how you were able to fix the problem and how you really want to buy this house.

Good Luck!!

001
๐Ÿ™
0
๐Ÿคจ
0
๐Ÿ˜ฎ
0
๐Ÿ˜‚
0

Related Questions


If you are a looking for financing to buy a car but your credit history is bad, it may be difficult to get approved for by the traditional lenders. However, this does not mean you cannot entirely get financing. With increased competition in the auto financing sector, lenders have come up with solutions for people with bad credit. To easiest way to get financing with bad credit is to provide collateral for amount you are borrowing. The common forms of collateral accepted include house equity, property and business shares. If you have collateral, you can easily get approved for a bad credit secured loan.


Emmanuel Lvinas has written: 'Unforeseen history'


You will have tough time in getting business financial loan approved if you have bad personal credit history. This is more so if the business is proprietary business. The strong collateral security will be useful to solve the problem.


Yes. History gives Octavian the blame/credit for killing him, but doesn't say how he died or under what circumstances.Yes. History gives Octavian the blame/credit for killing him, but doesn't say how he died or under what circumstances.Yes. History gives Octavian the blame/credit for killing him, but doesn't say how he died or under what circumstances.Yes. History gives Octavian the blame/credit for killing him, but doesn't say how he died or under what circumstances.Yes. History gives Octavian the blame/credit for killing him, but doesn't say how he died or under what circumstances.Yes. History gives Octavian the blame/credit for killing him, but doesn't say how he died or under what circumstances.Yes. History gives Octavian the blame/credit for killing him, but doesn't say how he died or under what circumstances.Yes. History gives Octavian the blame/credit for killing him, but doesn't say how he died or under what circumstances.Yes. History gives Octavian the blame/credit for killing him, but doesn't say how he died or under what circumstances.


Score but if you're on the border of being approved or not approved then they'll look at the history too. Regardless, your entire report comes up (score and history).


There are three major factors in accounts receivable financing. Receivables buyers look at the size of the accounts, buyers' credit history, and the age of the receivable.


Owner financing is a great option for buyers who cannot get a conventional mortgage for one reason or another. Either they do not have a steady income history or they have no job.


Getting your loan finance application approved can be difficult. Consumers need to realize that they must have good credit in order to have their application approved. Borrowers who have a history of making on time payments, remain within their credit limits and have a long positive credit history have a better chance of being approved. Also, having a steady source of income as well as a positive history of employment can help your credit application to be approved.


Most likely as she wrote the foreword for it.


Many car dealerships offer financing for people with bad credit or no credit history. These loans will have a higher interest rate because a person with a bad credit history or no credit history is considered are often considered to be high risk. Checking with a local dealership will determine if the offer this service at their location.


yes, it has been approved since June, 2001.Thankyou for your query. Welcome back.


A combination of aggravating and mitigating circumstances. Aggravating circumstances may be the seriousness of the crime, your risk of flight for prosecution, your past criminal history. Mitigating circumstances may be your good reputation.


On Friday, June 14, 2013 the California state Legislature approved a new state budget. The budget was approved at a sum of 96.3 billion dollars. This is the third largest budget in the states history.


Yes, if their credit history allows them to qualify for more financing.


If one has a bad credit history and would like to find out more about financing a car there are many sites that can help. Good places to start are financial institutions, online and credit unions. It is always a good idea to shop around to find the best deal.


The Constitution and Bill of Rights of the new United States of America was approved. This is the most important document in United States history.


There are no common loan rates. Loans are based on what you are financing and for how long.The loan rate is also based on a persons credit history and other risk factors such as work history.


In general, no, you can't get approved for traditional credit online if you have a bad credit history. You may, however, be approved online by a payday lender (in some cases, you will need to prove that you are employed and provide paycheck stubs in order to finish the process).


Theoretical understandings, building bridges between the past and the present, and coping with unforeseen future events.Pulliam, John D., and Patten James J. Van. History of Education in America. Upper Saddle River, NJ: Merrill, 2007. Print.


LEE PATTERSON has written: 'TEMPORAL CIRCUMSTANCES: FORM AND HISTORY IN THE CANTERBURY TALES'


Your recent good payment history will definitely help, but if your credit score is low that may be a problem. Lenders don't generally care why the credit is bad, only that it is. That said, almost anyone can get a mortgage these days. Just be careful and fully understand the terms before you sign a contract.


There are no set penalties for criminal offenses. After conviction, the court must consider the facts and circumstances of the crime, the defendant's prior history, and a number of other mitigating and aggravating circumstances.


Virginia was one of the original 13 colonies. It became a state when the Articles of Confederation were approved.


To get approved for a home lender loan you need to do the following things: fill out an application for the loan with valid and honest personal information, have a stable income, and a solid credit history.


The circumstances in which Martin Luther King Jr gave his "I have a dream" speech was part of the march on Washington. It was one of the largest political rallies in history.



Copyright ยฉ 2020 Multiply Media, LLC. All Rights Reserved. The material on this site can not be reproduced, distributed, transmitted, cached or otherwise used, except with prior written permission of Multiply.