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Looking for a mortgage loan for bad credit in Tennessee

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bflow30 Joined: 26 Aug 2007 Posts: 2 1.59 Dollars($)	Posted: Sun Aug 26, 2007 3:14 pm    Post subject: Looking for a mortgage loan for bad credit in Tennessee Like 0 Dislike 0 Score of 520 Income of 2960 bills of 598
bflow30 Joined: 26 Aug 2007 Posts: 2 1.59 Dollars($)	Posted: Sun Aug 26, 2007 3:16 pm    Post subject: Like 0 Dislike 0 Also, I am aware of the fact that it will be higher interest, however, I am looking to pay 1-2 years and refi. for a lower rate. Any help is appreciated. It will be solely in my husbands name and income.
ezmortgageloanz Moderator Joined: 06 Apr 2007 Posts: 123 Location: National 37.57 Dollars($)	Posted: Sun Aug 26, 2007 4:39 pm    Post subject: Like 0 Dislike 0 I suggest you investigate FHA lenders/loan programs available in TN---FHA loans allow for high LTV (up to 97.75%) borrowing scenarios at near conventional pricing regardless of credit score. Regards, Scott Miller _________________ National FHA Mortgage Broker www.BadCreditMortgageMakeover.com
Caron Moderator Joined: 19 Jul 2005 Posts: 1519 Location: florida 281.04 Dollars($)	Posted: Mon Aug 27, 2007 5:12 am    Post subject: RE: bad credit mortgage Like 0 Dislike 0 Hi Bflow, Welcome to our forums. I will agree with Scott here. An FHA loan can be an option for you. However, there can be other choices as well. You can find them out by sending us your request for mortgage quotes. As soon as we receive your request with the minimum details, we shall pass it on to our community lenders and they shall try to match their profiles with your loan requirements. And, if they are ready to offer you the loan depending upon the details that you've sent, they shall contact you asap. Good luck _________________ Mortgage Shopping made easy with booklet
miller_st Joined: 17 Jan 2007 Posts: 918 168.95 Dollars($)	Posted: Mon Aug 27, 2007 1:06 pm    Post subject: Like 0 Dislike 0 Quote: Looking for a mortgage loan for bad credit in Tennessee Yes FHA loans are a good option in case your credit score is not good. But for fha loans you should have a satisfactory credit history. Other thing is that your debt to income ratio should be within the specified limit to qualify for an fha loan.
bthahir Joined: 05 Sep 2007 Posts: 36 13.34 Dollars($)	Posted: Thu Feb 21, 2008 2:19 pm    Post subject: HI Like 0 Dislike 0 You can apply with FHA loans but you need to have good credit history. I mean they are more concered about timely payments but not about how much you use you your revolving account. I would suggest you to contact Trinity Mortgage, they are doing lot of FHA loans. just shop around for some time you will get a better option .
charlesarmbruster Community Expert Joined: 12 Oct 2006 Posts: 169 Location: Chandler, AZ 43.85 Dollars($)	Posted: Fri Feb 22, 2008 3:50 pm    Post subject: Like 0 Dislike 0 Good Luck! Most FHA lenders are beginning to set their own FICO restrictions -- however, you should simply make application and find out. Get the ball rolling! Why in the world is the credit score so low? Let's get some good advice from your loan officer -- you may not buy the home for another 6-months if you need to raise your credit stance. Go make application, now! _________________ Chuck Armbruster Phoenix, AZ payjunction chuck [on facebook]

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