Is Anyone Doing the Stated Income Mortgage Loan Anymore?I Want to Buy a home.What’s the Min. Credit Score?
July 29, 2010 | In: Uncategorized
How much down if any? What can I expect for intrest?
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- P&M: I would say a good majority of large Canadian companies that have setup a corporate pension plan are setup on
- LaLa: Even though your brother is over the age of 16 now, he still may not be eligible for the $100
- neoplop: Sounds like the provincial sales tax credit. He wouldn't have qualified last year because of his age.
- Eric S: Yes I would DEFINITELY recommend it, remember you make the money when you buy not when u sell and foreclosures
- highway696696: i am a licensed mortgage broker in 45 states give me a call .i can find out the value of
- david m: NOT because of foreclosure. Because it is a good deal and what you want. Housing "recessions" last for years. The latest
- ed m: nothing wrong with buying a foreclosure home - if you like it and if is price right -- remember
- ynot: Just make sure that you use a title company. Houses in foreclosure had issues with keeping up with payments
- dedeskinner: Go for it. You have every right to by a foreclosed home. You'll get it cheaper this way.
- Barry T: If you like the home, the price is right and it's a good home then why not. I don't
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2 answers
daeve930
July 29th, 2010 at 6:56 pm
State Farm Bank does them. Minimum credit score is 720, but I don’t know the max LTV. Call your local agent and he can connect you to the mortgage department. Rates will vary with the dollar amount, the loan to value ratio, whether it’s primary residence or investment, and your credit score. They’ll work up a calculation and explain their processes.
Joe M
July 29th, 2010 at 7:55 pm
There are very few, but yes. Since you are purchasing you will need assets. I take it you are self employed? You may not need to go stated.
I might be able to assist you.