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The Watercooler
Anyone know where to get FHA mortgage with 600 credit?
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<blockquote data-quote="Janna" data-source="post: 254670" data-attributes="member: 2737"><p>You may want to look in the local papers for those types of lenders. But, know there is a difference between a lender giving you money to buy a stick built home and a lender giving you money to buy a doublewide. </p><p> </p><p>So, for a home for example, you could try your local XYZ lender. But, if you'd go trailer, you need a trailer lender (i.e. Greentree).</p><p> </p><p>Does that make sense? </p><p> </p><p>I know just for this state (PA), area banks, local banks, do not lend on double wides unless they are on a permanent foundation. The credit score you (or husband) have, and your acceptance, may also have to do with the money you have down. Double wides, for example, typically require 20&#37; down. So, if you don't have that (or same with a home) and the good score to go with, it just gets harder and harder.</p><p> </p><p>I'm sorry you're in such a tight spot. I hope something good happens here, MWM.</p></blockquote><p></p>
[QUOTE="Janna, post: 254670, member: 2737"] You may want to look in the local papers for those types of lenders. But, know there is a difference between a lender giving you money to buy a stick built home and a lender giving you money to buy a doublewide. So, for a home for example, you could try your local XYZ lender. But, if you'd go trailer, you need a trailer lender (i.e. Greentree). Does that make sense? I know just for this state (PA), area banks, local banks, do not lend on double wides unless they are on a permanent foundation. The credit score you (or husband) have, and your acceptance, may also have to do with the money you have down. Double wides, for example, typically require 20% down. So, if you don't have that (or same with a home) and the good score to go with, it just gets harder and harder. I'm sorry you're in such a tight spot. I hope something good happens here, MWM. [/QUOTE]
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Anyone know where to get FHA mortgage with 600 credit?
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