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I need a mortgage but have poor credit score. Have 40% to put down and food income, no time to repair score.

Need mortgage, have $80k to put down on $200k with $20k already down, make $100k+ , on land contract with financing due oct 15th. Have made mistakes and had hardships in the past. Just submitting letters to credit agencies to correct errors on report, but can't wait for them to take effect. Bottom line we are in dream house willing to do anything to finance and keep. by Dickiegdaddy371 from Fayetteville, New York. Oct 6th 2014 Reply


Good income not food

Oct 6th 2014
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Dave Metsker (DaveMetsker)
#38 ranked lender in Oregon - 2,317 contributions

Contact me directly, as I may be able to help you with a sub-prime loan, based on income, and not credit. Dave at primefinancial@frontier.com

Oct 6th 2014
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,041 contributions

Realistically, you should not have a problem getting a hard money loan with 50% down, however, most hard money lenders will not lend on a "Primary Residence", because of the strict laws associated with these loans, they are limited to how much they can charge. For this reason, most only lend on non owner occupied or investment / commercial properties.. Try a Google search for hard money lenders with your zip code. 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

Oct 6th 2014
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Anthea Emerson (AntheaC2)
#216 ranked lender in Florida - 57 contributions

It really does depend on how bad your credit is. There are ways to get your score up within a few days if possible. With your down payment, our credit scores go as low as 580, especially with your compensating factors (high down payment, good income). Your other option might be a private lender as well, with interest rates from 8-13% for up to 15 years.

Oct 8th 2014
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