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will I get approved based on the below

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Anonymous
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will I get approved based on the below

I would like to get a Loan in the near future. I have a BK discharged May 2008. I am currently going through a foreclosure. I know I will need a private mortgage due to this. I am looking for a condo priced about 140K and will have about 70K saved up plus 15K in 401K. Monthly debt is $170.00 for student loan and gross monthly pay is 11K. Credit scores if that matters are mid 600's. So do you think any credit unions, etc will lend to me?

Message 1 of 4
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Anonymous
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Re: will I get approved based on the below

Instead of private lender maybe I meant hard money or something other than conventional, USDA, FHA, etc
Message 2 of 4
Anonymous
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Re: will I get approved based on the below

any help would be appreciated.

Thanks

Message 3 of 4
DallasLoanGuy
Super Contributor

Re: will I get approved based on the below

hard money lenders dont like to lend on primary residences. harder to get people out when they dont pay.

 

but you can try.

 

30% down and double digit interest though 

Retired Lender
Message 4 of 4
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