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Wednesday, May 26, 2010

I need a sub-prime, rural loan for 95% to close by 4/6/07?

My husband is in Iraq %26amp; we've fallen in love with a property in Temple, TX. Unfortunatley all of these regulations for sub prime loans just changed and my lender backed out yesterday. We're supposed to close by the 6th of April! So, I'll lay it out here and if anyone has a suggestion please let me know ASAP! Thanks so much!



House: 3 bedroom/1 bath on 8.5 acres, property has %26quot;church%26quot; on it with another 3 bedrooms, 2 baths, kitchen, ect. There are also 2 small horse barns.



We offered $115k and buyer will pay up to $7k closing costs. We have $500 earnest money on the property.



Credit: I filed bankruptcy solo (ch 7) last year due to some medical issues (long story) and it was completed 12/06. My middle score is 619 and debt to income is great. My husband has a lower score, in the 520's. His income is slightly less than mine, but still good debt to income for him too.



We have $6000 to put down %26amp; understand our interest rate will be higher, but we'll refi later. Please help



I need a sub-prime, rural loan for 95% to close by 4/6/07?

A VA is your only option. You are really high risk and I doubt anyone would touch you, high interest or not. You aren't even paying 10% down. The property may not be worth that in a month.



I need a sub-prime, rural loan for 95% to close by 4/6/07?

Try some large banks



I need a sub-prime, rural loan for 95% to close by 4/6/07?

Since he's a veteran, why not go with a VA loan?



I need a sub-prime, rural loan for 95% to close by 4/6/07?

I also have the same the same problem. my score dropped 60 points over a $100 bill that was in collections, Pretty musch exact same scenarion as this guy who put up the question.



I need a sub-prime, rural loan for 95% to close by 4/6/07?

A USDA rural housing loan is probably your best bet.



Check them out here: http://www.rurdev.usda.gov/rhs/common/in...



You might also check with the FHA:



http://www.fha.gov/



You may very well qualify for both; however, I doubt very seriously that you'd make your listed closing date.



Good luck!



I need a sub-prime, rural loan for 95% to close by 4/6/07?

As long as you have 5% to put down it will not be a problem to get you financing. We offer in house and broker financing options, FHA / VA / and Conv. , Most importantly we will close your loan quick. Please email me @ principal.solutions@hotmail.com and be sure to include contact phone numbers.



Thanks



I need a sub-prime, rural loan for 95% to close by 4/6/07?

Check out the free evaluation form at the source website. Maybe their nationwide network of loan officers can help. Good luck,



I need a sub-prime, rural loan for 95% to close by 4/6/07?

I am Mr Peterson Chris.I am a legitimate loan lender who gives out loans at low interest rate of 3%.Are you finacially down?Do you want to pay your bills?Is your credit score low?If yes,then you are in need of a loan.I deal with only honest people who are really in need of this loan.If interested contact me today with the loan of loan you need so that my loan terms and condition will be forwarded to you.You are to mail me or contact me through this email address



consultingpeters@myway.com

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