Loans For First Time Home Buyers With Bad Credit
Mortgage Loan Program for mid score of 649; first time home buyer; 100% LTV?
Mortgage Loan Program for mid score of 649; first time home buyer; 100% LTV?
I was supposed to be closing today…however my lender needs an additional appraisal of a comparable house with a pool in my neighborhood (my appraiser gave them a few, but they want 1 more-apparently there are no more)…so my whole loan might fall through…..Don’t know where that leaves me…….House is priced at $160K, appraised at $162K, my annual income is just over $50K (they are not using my husband on the loan b/c his credit scores are bad)…My contract was already amended from closing on the 6th to the 9th…Any ideas out there? Please help….
Be patient. That’s ridiculous, that they want one more comp. with a pool. The loan officer should be asking the lender for an additional comp. so the appraiser can put it in the report (yes, this is possible).