Posted on: 14th Apr, 2010 01:13 pm
I was just wondering if it is possible to get a home loan for $35,000? I found a condo that I would like to purchase for my mother but would need a home loan to do so?? Can you help me with this?
Jodi
Jodi
Welcome jlm,
Did you contact the lenders based in your area and applied for a home loan? If not, then you should do so. If you satisfy the required criteria of the lender, then they will help you in getting a mortgage. In order to get a conventional loan, you would require a score of 700-720. For FHA loans, you would require a score of 620.
You can even speak to the lenders of this community and seek a no obligation free mortgage consultation. This will help you know whether or not you get qualified for a loan. It will also help you in knowing what type of rates and terms you would get.
Did you contact the lenders based in your area and applied for a home loan? If not, then you should do so. If you satisfy the required criteria of the lender, then they will help you in getting a mortgage. In order to get a conventional loan, you would require a score of 700-720. For FHA loans, you would require a score of 620.
You can even speak to the lenders of this community and seek a no obligation free mortgage consultation. This will help you know whether or not you get qualified for a loan. It will also help you in knowing what type of rates and terms you would get.