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I have 50,000 for a down payment on a home that's listed for 60,000 but I have fair credit score what do I need to getapproved

by christie lancaster from Henderson, Kentucky. Dec 6th 2014 Reply


Phil Dumouchel (PhilDu)
#1 ranked lender in South Carolina - 2,228 contributions

You'll likely be better off with a personal loan due to the standard fees involved in a conventional mortgage

Dec 7th 2014
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Linda Wintersteen (Linda123)
#64 ranked lender in Arizona - 1,252 contributions

i do personal cash lines advances , fast , easy, up to $250,000 for business or personal .. email to merchantsonthego@outlook.com cash can be within 24 hours if needed ,

Dec 7th 2014
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Joe Metzler (JoeMetzler)
#1 ranked lender in Minnesota - 3,571 contributions

Regardless of down payment size, all your traditional loans (FHA, Fannie Mae, Freddie Mac, VA, USDA) are going to require you meet all guidelines, including credit scores. With that size of a down payment, you may be able to find a small local community bank or credit union that may help with some other sort of loan. Good Luck

Dec 8th 2014
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,055 contributions

Loans under $100K are difficult to do.. loans under $50K near impossible. A community bank / credit union is most likely your best option.. .. 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

Dec 8th 2014
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