Hello, my credit score is very low (558). But all of my old debt is paid off, so I am in a rebulding stage with my credit. I live in Anchorage Alaska and I make close to 50k a year plus I’m in the military so my job is secure. Any help would be a huge blessing!
Thanks
What is it that you are trying to accomplish. Are you wanting to purchase personal/investment property?
Refinance existing property?
???
I’m sorry, I am a new investor and I was told it is better to have your money online before you make a purchase, is this true? But I am looking at a home that is worth over 100k and the owner only wants what is due which is 44K and some change.
You were told correctly. It is always nice to have your funding lined up before you go hunting. 
So what you are saying is you need to get qualified for 44k? 44k is the selling price?
Are you trying to keep from coming out of pocket?
Yes, 44k is the selling price but I would need another 10k if that much for minor things such as replace carpet, paint and other small touch ups, nothing major.
what conditon is the property in?
It’s in good shape, it only needs the basics such as carpet, paint and I would like to change the front door.
Doryan Robinson
Hello,
There fees are kind of high but investwell (Google it) will lend to you if you have a min 550 credit score. If all other options fail then they might be able to help.
Michelle
Thanks Michelle, I don’t mind taking a little hit(not to big)on the rate to get this thing up and running.
Doryan
From what I have seen on the Investwell web site they require a mnin 570 fico. As a HML they will lend upto 70% of the ARV at 13.88% and 4 pts. The upside is that you can get the funds you need to do the upgrades. but that will only work for you if your looking to flip or refinance it very quickly.
Good luck
Actually I called them and its 550. I don’t know why the website quotes differently.
Michelle