95% Loan in Texas with Mid-FICO 618?

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I am looking for 95% loan in Houston – I have a mid-fico score of 618, fair credit rating. I had a 30-day ding on one of my mortgages. Anyone know of any lenders (sub-prime included) that I can contact with my situation to get me approved? Thanks!

“Ground Zero” Mortgage Crisis 7/14/08

CBS 7 Staff
July 14, 2008

It’s being called “Ground Zero” for the sub-prime mortgage crisis that surfaced last summer.

The savings bank called Indymac in California was overcome with roughly six billion dollars in bad loans.

Loans they made for houses to people who could not afford them.

The scandal has ruined millions of lives.

Texas is living under a protective bubble, however, and depositors here have nothing to fear.

John West, President & COO Community National Bank in Midland, said, “The housing industry in Texas is strong and good. So, I would not worry about a savings bank in Texas. I would worry about a savings bank in California or Florida.”

The FDIC warns more failures are to come, and they’re hiring more people to handle the work.

90 banks are now on their watch list, and they estimate eventual losses at over one trillion dollars worldwide.

  1. Reply
    February 19, 2011 at 7:03 pm

    I am a Houston TX mortgage broker.
    Email me the details…

    I have a lender that’ll do that deal now.

  2. Reply
    February 19, 2011 at 7:40 pm

    I am a Texas mortgage broker, and I believe I can help you with your financing. I should even be able to get you 100% financing if you need it. You can e-mail me at the e-mail address listed in my profile. Just send me your phone number, and I will call you to discuss.


  3. Reply
    February 19, 2011 at 7:50 pm

    As long as this is a purchase and or rate and term there should be a ton of lenders out there who will do this loan for you. If you are trying to do a cash out loan then there is no loan there. Texas law limits cash out loans to 80% loan to value.

    If you would like to discuss your scenario drop me a line.

    Kevin 866-562-6838 x 106

  4. Reply
    Tortuga Tom
    February 19, 2011 at 8:15 pm

    Just what this guy said:

    “The housing industry in Texas is strong and good.”

    Houses are going up like crazy around here. It’s a sad sight.

  5. Reply
    February 19, 2011 at 8:39 pm

    That banks in Texas are still fueling the speculation craze and are still willing to make loans on overpriced housing stock.

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