I have great credit and absolutly NO Debt.  But it is impossible to find rates with out giving companies all the info in the world.  Do you know of a low rate(APR under 6%)?  We are also military so we qualify for the VA loan status.  I was hoping someone knew a source that they went through that I could have confidence in due to personal referance.
200294
Well I am a agent in NC and my spouse is a lender. He is great at what he does but I donot know where you are and lenders are limited to states. Try your local bank or Wells Fargo!
86638
Your in luck, we are a direct lender and also broker.  I have done many loans for people that have bad credit.  The normal banks you walk into will turn you down for any reason they want. I have lenders that look at other factors besides your credit.  Contact me at www.xclusivefinancial.com
656565
Call a local mortgage broker (check your local yellow pages) and ask for a consultation, they are usually free or may charge a small fee (< $25)  for pulling your credit report..  Do not call a bank.  Mortgage brokers have many more programs available than banks and are more experienced in dealing with folks with troubled credit.  Anyway, they can pull up your credit and see how it looks.  It may not be as bad as you think.  If it is, there are programs such as FHA that are not credit score driven.  It always helps to have money saved up for a down payment, and while 100% loans can be obtained, you will most likely need a minimum of 3% down.  If you do not have the 3%, it can be in the form of a gift from family or friends.  There are 3rd party non-profit companies that you can get the donwpayment from, although FHA has been looking down on them lately.  Mainly b/c the 3% gets financed back into the loan....sort of...but I can't say that...LOL\n\nA good mortgage broker will have all of this information.  He/she should also be able to direct you on what to do if your credit needs a little repair.  If you are not ready to buy now, they can coach on what to do to be ready in 6 months or so.  Good luck with your dream of owning a home.
571786
Open your mind set beyond the last 4 years when interest rates were super low.  They are STILL low to people who have had mortgages 10-15 years ago when rates were 10%, 15% and even 20%.\n\nOnly people getting mortgages within the last several years think rates are high now.  Explain to them the long term history of interest rates.\n\nFind people with HELOC's and convert them to Fixed rate loans.\n\nAs mentioned previously, there are many people with 2/28 and other ARMS that are going to want to convert to a fixed rate.\n\nAttend a few Real Estate Investing group meetings.  There are always people investing in Real Estate.  Be there when they need you.  Don't start out being pushy, just get to know them and be there often.
239909
i hope this helps...\n\n   https://www.militaryfinancial.com/index.asp
268354
Extra points to you for thinking AHEAD.  Most people destroy their credit, then think about paying down the debt.\n\nIt would have helped greatly if you had been more detailed in describing your situation.\n\nFirst, can you make minimum payments to keep afloat?  18% isn't fun, but that avoids the credit catestrophy issues, at least.\n\nSecond, what do you have equity in?  A house?  A car?  Obviously a 401k.  Make a list of everything worth over $500.  Can you get a loan against one of these assets?  Consider approaching family and friends and ask them for a short-term (1-2 yrs) loan secured against something, preferably.  I've seen people get unsecured (small 1-3k) loans from family.  I've done a lot of these.  Write them up, be professional about protecting your family/friend who has probably not enthusiastically become an "investor."  Take care of them.  In the future, after you pay them off, they'll remember your integrity is solid.\n\nBottom line, you appear to have assets.  They appear to be illiquid.  Your mission, should you choose to accept, is to find a way to loan against one of those assets to create some cash.\n\nIn writing this answer, it's become clearer my reaction to your paying off your credit card debt.  BE VERY CAREFUL.  I've loaned a lot of money to people who get into have-assets-but-no-liquidity situations (except with much larger numbers).  Because if you get a loan, and spend all of your cash to payoff your credit cards, then you're almost back to the same situation again:  no cash.  This is an incredibly dangerous place to be since you can not make minimum payments on most bills - rent/mortgage, property taxes, car payments, electric bills, etc.  Being even a few days late could wack 120 points or more off your credit (I watched this happen 2 weeks ago).\n\nLet's assume you are getting unemployment that will cover basic living expenses, ie you have cash coming in from the gov't for at least awhile.  If then the only problem is that your credit card is at 18-24%, then yes, it probably makes some sense to borrow at 8-10% from family/friends and pay off most or all of the debt.\n\nAfter you borrow the money and get ready to spend it, Beware.  It is unlikely you will get too many chances to get this right.  Once it's spent, it's hard to get back.\n\nI would be VERY comfortable with my cash situation before paying off credit cards.\n\nAnother alternative is to get a credit card that will give you 0% APR for 6-12 months.  It'll ding your credit about 12-15 points, which shouldn't kill you, but more importantly, it'll save interest.  At this point, you then have another credit card, which if you're wise will simply be for emergencies.\n\nFeel free to email me with any questions,  Good luck,\n\nJared\n- - - ADDED AFTER I RECEIVED EMAIL WITH MORE INFOMATION - -\n\nI had another idea that might make more sense for you.\n\nInstead of pulling the money directly, which will incur something on the scale of 38%+ penalty (THAT's a wicked interest rate), you should see if you can borrow money from your 401k.  It's estimated 75-90% of 401k plans qualify for this "loan"-feature.\n\nBasically, you withdraw up to 50% (or 50k, whichever is lesser) of your 401k.  You may have to state that doing this helps prevent you from losing your home.  You then repay the loan/yourself over a 5 year period and you repay yourself with interest.\n\nAssuming that your employer's 401k allows for loans, this makes much more sense.\n\nYour current scenario:  38% penalty * 30k= 11.4k to the government, leaving you with only 18.6k.  Which means you have to withdraw much more to pay off the credit cards.  You have to withdraw $48,400 (less 38% penalty) to have 30k left for credit cards.  Too payoff your credit cards, you'll lose $18,400 in penalties/taxes.\n\nLoan scenario:\nIf you need 25k, take out 30k.  Charge yourself 8% interest.  Use the left ov
260757
I get 100% loans for credit scores that low all day long.  Like a previous person said, you'll have split it into two loans (80% and 20%) and should opt for the ARM.  \n\nUnfortunately, I'm only licensed in PA.  \n\nYour best (and possibly only) bet is to contact a local mortgage broker out of the phone book.  Check out and bookmark my blog to learn all about home financing and what mortgage brokers do: http://explaintome.blogspot.com\n\nWhether you can get a 100% loan depends on all the other factors besides credit.  Do you pay your rent by check?  Can your landlord verify that you paid 12 payments on time?  Do you have 2 years work history in the same line of work?  Do you have some extra money in the bank as reserves just in case you fall on bad times?  Do you make enough money to support all your current debts plus this new payment, including taxes and insurance?\n\nThose are the questions you can discuss with your mortgage broker to get yourself financed.
141082
That sounds a little high, I'd look around. There may be other factors that your not mentioning and you are "buying down" the interest rate. Check out a credit union if you can. Just do a little research and ask around before you start letting too many people give you quotes because everytime you run a credit check it can lower your score a bit.
613659
My husband and I were truly blessed we we bought our home. There is a program called Ameridream and if you are a first time homebuyer or a minority, the government will cover your downpayment. No gimmicks or paypacks. It was awesome. We saved 5k on the downpayment. We got an interest rate of like 6% and if we did a 80/20 the rate would have been 7.5%.
502863
I am ever so slowly working on repairing mine. I went from having bad credit to no credit and now I have recieved offers from about 4 different places (two of which are department stores, the other two are regular credit cards), so I am just at the bottom, but I am going the right way! (My bad credit was caused by my getting married too young and having an ex who got me to sign checks that we knew would bounce...I'm just damn lucky I didn't end up in jail!) But I don't know how good your credit score has to be to get one of those home loans. I'm not to that point yet. My personal near future worry is paying off student loans since I will be finishing up a masters degree, so I won't be able to think about a house for a while yet. But it sounds like you (and me) are going the right direction! Good Luck!
458702
I think they're looking for liens and tax problems.  I had TERRIBLE credit following a layoff and have never have any problems. Banks are a little different because they have to bond you, but I think you can relax.
180208
Oh!  Another dragonfly!\n\nNo I haven't used them, and yes, I'd be worried about all of that data because you don't want a bunch of bozos pulling your credit report and driving your credit score down.  I used CTX Mortgage and they were good.  They are their own lender so their margins are bigger than many banks because they are lending out their own money.  Or try www.naca.com if it's your first home.
613129
Former loan officer here: what is your credit score? 65% shouldn't be too hard to do if you are above 520. If you are below that you might try a private loan. If you're above 520 here are some options, though it will depend on the state you live in as to who can do the loan, Argent, Countrywide, a very good mortgage broker you might try is Stashin Mortage Services Inc stashinmortgageservicesinc.com they can do loans in Washington, Oregon, Nevada, and a few other states, ask for John, he's honest and hard working, if he can't help he might be able to tell you who can. I hope this helps.
676056
Vist www.nelnet.net. Inquire on the Federal Stafford Loan. That's what I did. I'm 18 with no credit and no cosigner. Mostly everyone is approved.
122328
Kat,\n\nYou leave out some important details.  \n\nI'm going to assume from your comment that you don't have credit right now because you purchase everything in cash, right?  I did that when I was young.  Paid cash for my car and did't have a card.  Had $20,000 in the bank to put down for a mortgage.  They wanted to refuse my loan because I didn't have a credit history!  Lucky for me, they had a loan manager who had sense enough to look beyond a credit report.\n\nWhat about your husband?  Does he have a credit history?  Good or bad credit?  Remember that they will be looking at his score also if you both plan to be on the loan.  If he has good credit you may not even have a problem.\n\nAs the others mentioned, you need to build a credit history.   How long from the time you buy this car on credit, until you start looking for a home?  Credit Guru is correct, it won't help you much to pay it off immediately.\n\nHaving a big down payment for the home may impress the mortgage company into giving you the loan without an impressive credit score.  Worked for me.\n\nIf you really need the car right now, consider paying it off in cash when you buy it. Many car dealers will cut you a very good price if you are paying up front.\n\nBefore you go any futher, go to the link I supplied below. You are trying toimprove your credit score, so you need to understand exactly how they calculate it.  MYFICO is the folks to developed the scoring system, and their site has lots of information on establishing and improving your score.\n\nAfter your have educated yourself you can make better decisions on how you can proceed.\n\nI sure wish I had your problems. Wanna trade?
628058
This loan does not exist. A 520 fico for a stand alone 2nd? The lowest score I have found where you can do a stand alone is 560.\n\nEven if there is such a program why would you want it? The rate on the 2nd would be astronomical. Your best bet would be refi your existing 1st and take what ever cash out you need. \n\nIf you can find this, and I have looked in the past with no results do the math and see if it makes sense. Figure out whatever you payment for the 2nd would be and add it to your existing 1st. Then find out what a new first would be all by it's self. I would bet a new 1st comes out less per month.\n\nIf you would like to discuss your situation in more detail feel free to drop me a line. \n\nKevin 866-562-6838 x 106\nkruorock@firstratelending.com
565592
yes I do that type of loan, How is your credit score? Can you prove your income (W2 etc)?What is the buy back price?Please email me the answer and I will tell what you can get. Johng@oldmerchants.com