Can I purchase a home in California with a 519 FICO score?
552702
Of course you can, but seriously with a high Interet rate. All you need is 11% as a down payment for the house, otherwise the interest rate can go more higher.\nI am a Loan officer in CA so i can help you with that, feel free to write me at refinance@inbox.com do remember to give me your contact information in the mail so that i can get back to you.\nThanks and Good luck
1018450
There are now 40 yr and 50 amortization programs available and interest only programs.  So a person can afford the home they are wanting....If you purchase a home, you can go 100 percent of the selling price (depends on credit) and if your credit is 560 or higher you will have no problem.  The 40 / 50 or interest only will lower your payment.  You did not mentionn where you are located in (state), check out my website and if I can be of assistance, let me know - Good Luck.
415066
No. The mortgage company will pull a credit report 1 time. They will then get income and reserves from you as to down payment etc. This will then be put into the mortgage software program and it tells the loan professional just how much home you can afford for 15-20 25-30 year terms. You then have to settle on a home and the price you are willing to pay and the terms that you desire. If you have problem credit then he or she may have to submit your loan to several companies in order to close on your new home.
1146357
No. You can read about what drives your score here: http://www.myfico.com/
990102
Sure you can, as a foreigner. I can help. If you are working here and not having a SSN, you should have some tax id, do you? I work with a big direct lender/mortgage broker doing business in 48 states, and because the huge volumn of business we do, we get better rate than smaller brokers. We have over 200 loan programs to meet the needs of different situations, from good FICO score and good income and down payment, to poor FICO score and NO income (called "stated income") and NO down payment, so I will be able to find the program which best fits your needs. Contact me at xjuy@yahoo.com or 408-476-0455 and I can help you. Jessica
176150
There are actually three variables that go into determining wht your interest rate will be Fico Score, Debt-to-Income Ratio and Loan-to-Value.  You can get a mortgage with any score.  Even sub 500 scores.  You might qualify for a loan now with your score but the interest rate is going to be higher.  If you are willing to pay the price I would say go for it and allow your mortgage payment history to build up your score.
1010101
You can get it, just not a good rate with your current score. And there are ways to boost your FICO scores in a few months. I can help you with it. I work with a big direct lender/mortgage broker doing business in 48 states, and because the huge volumn of business we do, we get better rate than smaller brokers. We have over 200 loan programs to meet the needs of different situations, from good FICO score and good income and down payment, to poor FICO score and NO income (called "stated income") and NO down payment, so I will be able to find the program which best fits your needs. Contact me at xjuy@yahoo.com or 408-476-0455 and I can help you. Jessica
522885
Absolutley free information is available through the state housing development authority or state housing agency.  You may be able to qualify for a variety of programs to save you money on the rate or get down payment assistance.\n\nAlso check  http://www.homebuyingguide.org/\n\nBE CAREFUL with the ARM loan.  If you plan on living in the property for more than 4 years, you could get into a bad situation if rates go up. (As they are expected to do.)  \n\nSample websites are\nhttp://www.ohfa.org/\nhttp://www.nyhomes.org/home/index.asp\nhttp://www.ihda.org/ViewPage.aspx?PageID=2\nhttp://www.calhfa.ca.gov/
1166208
600 gets u a home with 10-20% down...anything above that ur less likely to put ANYTHING down.  Below 600 it is still possible to get a home, but u have a higher down payment with crappy rates and a high mortage.  We lucked out on ours having a score of 558 with down payment being covered by the owner, but would cost us $2000 a month for mortage. We didn't buy but it was worth a shot. Shop around...someone WILL work with u.
1057128
I process loans for Pacific West Financial which is a Mortgage Broker since 1975.  I am currently working at the Stockton branch.   E-mail me your credit score and I will let you know if my lenders can do your loan.  I may be able to give you 100% financing from different lenders that we're registered with.
980403
Go to the IRS website and search for Publication 15.  I'm sure that there is a similar publication for California.
1056541
Not sure, but............\n\nKeep in mind...........\n\nTimes and markets are changing!\n\nIn California with average homes selling well over $500,000, a 20% decline is $100,000! In any market 'timing is everything'! So, could you afford a loss of 25% of your investment all because of poor timing???\n\nThis last up cycle was 10 years in many parts of the country. The downcycle now started in CA, Wash DC, NYC, Vegas and other hot areas of the past are all soft and getting softer.\n\nFrom 1990 to 1996, the average home in San Diego lost 20% of its' value! The cycle we are now enterng looks like it could well exceed that on the downside!\n\nWith all the 100% financing, interest only loans, EZ qualifing etc...even a slight decline will cause many to be unable to sell for the amount due on their loans!\n\nFor some great 'insider' articles on the San Diego real estate market, which I believe will apply to any of the hot real estate markets of the past five years.....visit:\n\nTimes and markets are changing!\n\nIn California with average homes selling well over $500,000, a 20% decline is $100,000! In any market 'timing is everything'! So, could you afford a loss of 25% of your investment all because of poor timing???\n\nThis last up cycle was 10 years in many parts of the country. The downcycle now started in CA, Wash DC, NYC, Vegas and other hot areas of the past are all soft and getting softer.\n\nFrom 1990 to 1996, the average home in San Diego lost 20% of its' value! The cycle we are now enterng looks like it could well exceed that on the downside!\n\nWith all the 100% financing, interest only loans, EZ qualifing etc...even a slight decline will cause many to be unable to sell for the amount due on their loans!\n\nFor some great 'insider' articles on the San Diego real estate market, which I believe will apply to any of the hot real estate markets of the past five years.....visit:\n\nhttp://sandiegofsbo.blogspot.com\nhttp://www.brokerforyou.com/blogger/index.html\nhttp://www.brokerforyou.com\nhttp://www.san-diego-for-sale-by-owner.com\nhttp://www.la-jolla-ca-del-mar-san-diego-real-estate-encinitas-california.us\nhttp://www.la-jolla-real-estate.info\nhttp://san-diego-coastal-real-estate.blogspot.com\nhttp://sandiegofsbo.blogspot.com\nhttp://downtown-san-diego-real-estate-views.blogspot.com\nhttp://www.poway-real-estate.info\nhttp://www.del-mar-real-estate.info\nhttp://www.la-jolla-real-estate.info\nhttp://www.los-angeles-real-estate-brokers.com\nhttp://www.san-jose-real-estate-brokers.com\nhttp://www.orange-county-real-estate-brokers.com\nhttp://www.san-francisco-real-estate-brokers.com\nhttp://www.sacramento-real-estate-broker.com
828921
That has nothing to do with moving or a new job and everything to do with your credit score, check it out, you want to be above 700, the higher your score, the easier it will be for.you. You are entitled to one free per year, If it's not good, you need to work on getting that cleaned up, before you think about buying a home. Good luck.
13818
I believe you can just apply for a loan and go "stated income"  Some loan programs actually do not even require stated income verification.  Of course as a result you will probably pay a few more points on the loan.  If you are in california I can probably give you more information, in other states,  you will need to look in your areas for the programs available there.
196967
Yes California residents can purchase Arizona Real Estate. To own the Property you do not have to live there. There are some posatives and negatives to consider though. As a non resident property owner you will not have quick and easy access to your property except when you visit there.  Some Real Estate is sold only to State Residences, as in the case of some FHA, and Hud housing which is built, or marketed for the specific purpose of 'OWNER OCCUPIED DWELLING" Yes you can own the property out of state.
914362
Again, you'll need a large downpayment.  $55,000 on a $400,000 property is only 13% down.  You'll need AT LEAST 20% down (most likely more) with that kind of credit score.  Sorry, but you wouldn't even be able to buy a single unit with that kind of credit without a larger down-payment...
1070480
That isn't going to be easy.  Most places do a credit check.  There are ways with good credit to buy with no money down.  An individual might sell you real estate that way, but it isn't a wise way to do business.