I have been logging on a FHA loan at 2 points below what I need to be proved and offered my grandmother

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She says she wants to help me because I would like to pay their home and havent been late on my rent EVER, even if his studio and helped cost two times more than the mortgage. My 88 grams but it probably has a credit score of 700, but what could she do? Obviously they can not sign FHA loans. What they could do to help? I feel like an idiot need your help anyway … The house I want is 58k, I 3k for a down payment or closing costs and 500 for an appraiser or we’ve already …

4 Comments
  1. Reply
    TaxMaven
    February 3, 2011 at 6:43 am

    If you have never been late on your rent & utilities, ask the mortgage broker to do manual underwriting or find one that will. You will probably qualify for FHA that way w/o having to get a cosignor or “build your credit”. Best wishes.

    Btw, get a 15yr or less fixed rate mortgage or you will be paying off that $ 58k till hell freezes over.

  2. Reply
    Miss V
    February 3, 2011 at 7:20 am

    Since she wants to help, ask her to pay down a few thousand for you so that you are purchasing a $ 55,000 house instead of $ 58,000. Or ask the lender to let you do a 95/5 loan instead of an FHA. S/he should be able to make this work.

  3. Reply
    Wonka
    February 3, 2011 at 7:56 am

    FHA sucks. Call your senator and talk to him.
    Funny how it works miracles.
    Seriously – not being facetious.

  4. Reply
    Martin S
    February 3, 2011 at 8:27 am

    I amy be able to help. Contact me whenever you can

    513-860-2940 ext 10

    Msmith@premierloangroup.com

    Martin Smith

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