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90%ltv in Virginia with 680 credit score

by nhwalton873 from , California. Jun 25th 2015 Reply


Larry Gray (lgray_312_247)
#563 ranked lender in California - 1,127 contributions

I am assuming you are looking at qualifying for a home purchase in Virgina90% LTV, conventional loan? If you are a first time home buyer it is possibleto qualify for a first time home buyer program loan for 3% down. Otherwise,we do loans with 5% down, conventional, and with lender paid mortgage insurance often as opposed to the 10"% down (unless over $417000 loan amount).I would behappy to refer you to an associate in Virginia if you contact by phone or emailvia my profile here, as I only do loans in California.

Jun 25th 2015
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,044 contributions

More info would be needed.. for a purchase at 90%, it's not a problem so long as your loan does not exceed $417K.. if you're looking at homes categorized as "Jumbo", then the playing field is much different.. with Jumbo financing, there is no conforming rules every lender goes by.. each lender offering jumbo financing can have their own rules, including down payment requirements.. although there are lenders advertising 10% down on jumbo's, most want a 720-740 minimum fico score.. So without knowing all the details of your exact scenario it's difficult to say.. for this reason, I suggest you contact a LOCAL mortgage broker and apply with them. Once they see your complete loan profile, they will be better equipped to advise you properly. Also, by applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with many lenders with each one offering a different type of lending program. This is unlike the local bank which typically only has a few lending programs. The more lenders, the more lending options, and the more likely your scenario will be accepted.. Plus, the broker is experienced in seeking out the best loan terms for your particular scenario, and he has lower overhead which typically results in lower rates and fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Jun 26th 2015
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Jericho Cherry (Jerichocherry)
#58 ranked lender in Virginia - 1,107 contributions

I am licensed in the state of Virginia, I can definitely help you. Please give me a call Jericho Cherry: 804-519-7289.

Jun 26th 2015
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Sean Young (SeanYoung)
#2 ranked lender in Colorado - 1,109 contributions

It's absolutely possible depending on what type of loan you are getting and as long as you qualify for everything else that is needed to get a home loan. You need to speak with a local loan officer, share all of your information and have them present you all of your available options so you can pick the best loan that fits your needs. Best wishes, Sean

Jun 28th 2015
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