Posted on: 10th Oct, 2008 11:37 am
I am trying to by an investment property in indiana for under $40,000. I have a 718 credit score. I can not find anyone willing to lend less than $40,000. Any suggestions?
I can help with your mortgage needs. Email me!
Marty
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Marty
[Email address and promotional text deleted as per forum rules. Thanks.]
Here is more info to work with. I would like to put as little down as possible, but prepared for 20%. I will not live there it is investment only. I have 2 mortgages already. Would like to cash out REFI up to 80% ASAP but realize there will be some seasoning. Still the initial problem of getting financing.
Hi heyyoucalledme!
Welcome to Forums!
I think you should ask the lenders why they are nor ready to give the loan. In my opinion your credit score is quite good and you are not even asking a high amount of loan. There must be some definite reasons to it.
You may even consult some other lenders as well. I have heard that this community has some lenders as their member who offer various programs for the different people. You can even consult them. You can also go for a no obligation free loan consultation from the lenders which will help you to know the kind of loans you can get.
Feel free to ask if you have further queries.
Sussane
Welcome to Forums!
I think you should ask the lenders why they are nor ready to give the loan. In my opinion your credit score is quite good and you are not even asking a high amount of loan. There must be some definite reasons to it.
You may even consult some other lenders as well. I have heard that this community has some lenders as their member who offer various programs for the different people. You can even consult them. You can also go for a no obligation free loan consultation from the lenders which will help you to know the kind of loans you can get.
Feel free to ask if you have further queries.
Sussane