Now i know it is BS .You say banks don't think your credit score is that important ? Really ? And banks know every one took a hit ? Not every one took a hit and that's the one's who get $$$$ NOT the ones who "took a hit " and have low credit scores
Mortgage for owner operator for house??
Discussion in 'Ask An Owner Operator' started by Chris50, Mar 2, 2013.
Page 2 of 7
-
-
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
-
With a USDA loan its a goverment program; as long as you meet THEIR guidelines it's GURANTEED financing, most of the time 100% as in NO MONEY DOWN and NO CLOSING COSTS,
But once again, you show you know nothing other then what you have heard -
Well I'm a novice at real estate, actually the 3 transactions I had were the first I ever had as I was the executor of my Mom's will, a learning experience indeed. To me, 1 month (your words) is a huge chunk of time. Second transaction, the lawyer representing the buyer was late by 1/2 hour for our meeting. I'm used to making my deliveries on time, I expected the same from the "professionals". H$$l, the bank took 3 weeks to get comps for the property I was buying.
To the OP, sorry about the HiJack. -
-
-
When I said "No closing costs" I meant as in no out of pocket money, it's financed in with the loan; as is everything else. Apparently your not familiar with a USDA loan; must not have been -
-
I used Northwest Savings out of PA.I am in NY..They were one of the few left with ''no income verifacation''...I had to have a credit score of 750 or above.I had to have 20% down..The kicker was i had to pay 2% more than the normal 30 year mortgage.I also did a 20 year..I was very fortunate to get this as a self employed trucker...I showed not one peice of ''income''...
You may want to give them a call...These loans are called ''no income verifacation loans''...Chris50 Thanks this. -
-
So any ''income verifacation'' i was dead in the water.I was ''cash'' rich..So i went on a hunt and found these people..I did it last year on this beautiful home i have now..My interest rate is a bit high at 5.5%.I toss extra payments every year to bring it down,so i did not care..I am at 10 years left on this 100,000 home...
Give them a call and ask if they are still doing the ''no income verifacation loans''..You need to act fast,these loans are getting harder to find by the day.Like i said.All you need is 20% down and a credit score of 750 or above...Simple...
Trucking Jobs in 30 seconds
Every month 400 people find a job with the help of TruckersReport.
Page 2 of 7