Home arrow Mortgage Forums arrow Forums: Learn from other's experiences arrow

What is the percentage of current homes with mortgages in College Station, TX that are sub prime?

Author Message
Icon Mini Profile remonandoni





Joined: 15 Mar 2009

Posts: 1

1.30 Dollars($)
Post Posted: Sun Mar 15, 2009 10:28 pm    Post subject: What is the percentage of current homes with mortgages in Co
Like 0
Dislike 0

What is the percentage of current homes with mortgages in College Station, TX that are sub prime?...I live in College Station , TX. I am wanting to buy a house with in 3- 6 months. I am wanting to know the percentage of current homes with mortgages in College Station, TX ( Central TX) that are sub prime or ARM motgages?
Icon Mini Profile jameshogg
jameshogg




Joined: 20 Dec 2005

Posts: 10460
Location: Nevada
987.57 Dollars($)
Post Posted: Sun Mar 15, 2009 11:32 pm    Post subject:
Like 0
Dislike 0

Hi remonandoni,

It would be difficult to give the percentage of current homes with mortgages in College Station, Texas. However, if you want to know the prevailing rates in the market, then you can speak to the local lenders of your area. This will give you an idea about the market rates and terms. You can also contact the lenders of this community and get a no obligation free mortgage consultation from them. This will let you what kind of rates you can expect to get.

Moreover, you should also note that in order to get a mortgage, you should have a good credit score and income. If you are not financially stable, then lenders will not offer you a loan. In order to get a conventional mortgage, you will require a credit score of 720 whereas to get FHA or USDA loan, you should have a minimum credit score of 620.

Thanks
Icon Mini Profile gmakerley
gmakerley
Community Mentor
Community Mentor

best lender badge

Joined: 09 Nov 2007

Posts: 12376
Location: bloomfield, ct
58.49 Dollars($)
Post Posted: Mon Mar 16, 2009 9:11 am    Post subject:
Like 0
Dislike 0

the only way you can make this determination is to do a search of the land records in college station. if you dont' know how to do this, you can pay a title company to do it for you.

keep in mind this will be no small expense.

_________________
George M. Akerley
Mortgage Underwriter/Consultant
Word of Excellence- Writing/Editing/Proofreading
860-221-5044
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights

Bookmark this page

Helpful References

Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators

     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools

Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community

MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards

Five simple ways to earn money with the Mortgage Community.

MortgageFit on Twitter

Followers (252)











We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 0.076 seconds.