Answer by L L Start to read abut RE investment, at the same time let me know if you have more detail what are you try to acomplish, where and why. Then I maybe able to direct you more specific.
You should look into an FHA loan, they will work with you, as long as your score is over 500. They will lend up to 100 percent of the loan, albeit at a higher rate, but if you have enough of a down payment, they go up to 97.75% on a purchase. I hope that helped.
Have you spoken with any loan officers in Florida? Each company would have their own policies and guidelines to follow, so one might not consider any score under 600, some would. So I suggest you talk to several loan companies. Ask about FHA loans and if you have never owned a home before also ask about “first time buyers” money.
Listen whatever company you choose, make sure they will be there when you close. There are some loan companies that give you a commitment and in 30 days are gone! And you’re stuck trying to find another loan company to close. So be careful.
You should look into an FHA loan, they will work with you, as long as your score is over 500. They will lend up to 100 percent of the loan, albeit at a higher rate, but if you have enough of a down payment, they go up to 97.75% on a purchase. I hope that helped.
Have you spoken with any loan officers in Florida? Each company would have their own policies and guidelines to follow, so one might not consider any score under 600, some would. So I suggest you talk to several loan companies. Ask about FHA loans and if you have never owned a home before also ask about “first time buyers” money.
Listen whatever company you choose, make sure they will be there when you close. There are some loan companies that give you a commitment and in 30 days are gone! And you’re stuck trying to find another loan company to close. So be careful.