Who has the best mortgage loan rates in St. Louis, MO?

Deal Score0

I don’t have perfect credit but I still am seeking to buy a home bacause my family is growing.
About me: Employed 1yr, $ 1800/mo income, 547 credit score, 2 collections, 1 late pay.

Does anyone know of a good Broker I can use that can work with bad credit? I have tried Amerisave, LendingTree, Lowermybills.com, Countrywide, Quicken, ELoan, AmericanEquity & a few others with no luck.

Please only recommend companies you have used successfully. Thanks in advance.

  1. Reply
    Biggie @ Arbor Mortgage
    January 30, 2011 at 12:56 pm

    First of all, with that credit score, you will not get the best rates period. If you clean up your collections, you can possibly get an FHA loan through Perfect FHA. They will go down to a 500 score, but the rates won’t be the best.

  2. Reply
    January 30, 2011 at 1:36 pm

    Explain “no luck.” They refuse you outright or you don’t like the terms?

    I would concentrate on clearing and improving the credit score and stop the family from growing for a few years.

  3. Reply
    January 30, 2011 at 1:40 pm

    My suggestion is to straighten up your financial house before you charge forward. You are going to pay more for your interest rate and very pricey PMI.

    If you have shopped around and are getting negative responses, you need to work on your credit, then buy.

  4. Reply
    January 30, 2011 at 2:24 pm

    Unless you have a fixed-rate mortgage, the current mortgage interest rates are very important to deciding how much you should pay every monthcompanies offer different interest rates so it is a good idea to shop around for the best deal before settling on one particular lender.

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