I am trying desperately to close on a new home in Ellenwood, GA. I have credit issues preventing me from obtaining conventional financing, and need the relaxed credit standards that HMLs offers. I have one HML approved deal for 65% of the purchase price, but need to find the rest in order to close. Anybody know how I can get this done? I have a medium credit score of 580, with some dents on my file that I am trying to get worked out.
Depending on your parameters, ther are numerous lenders who will lend 100% w/ a 580 score. What kind of dents do you have?
I have a judgement for $161, and three collections ranging from $500 to & $900, all of which I am disputing and trying to have cleared from my report. I am crunched for time as my home is due to be completed and the closing is tentatively set for December 5, 2005. What should I do?
Like Mark said with a 580 mid score, and with qualifying income & debt ratio, you shouldn’t have much trouble getting 100% financing with your small collections & judgment… probably wouldn’t have to pay any of them off either. If your file is ready to go you should be able to fund your loan in 5-10 business days from submission. I’d ask Mark if he could help.