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New Contributor
Posts: 78
Registered: ‎12-16-2008
0

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?

2/25/09 Transunion-698, Equifax-666
9 Months After BK
New Contributor
Posts: 78
Registered: ‎12-16-2008
0

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
2/25/09 Transunion-698, Equifax-666
9 Months After BK
New Contributor
Posts: 78
Registered: ‎12-16-2008
0

Re: will I get approved based on the below

any help would be appreciated.

Thanks

2/25/09 Transunion-698, Equifax-666
9 Months After BK
Super Contributor
Posts: 6,624
Registered: ‎07-03-2007
0

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 

* While I try to visit the forum often, please feel free to contact me directly with a link to your post if I fail to answer a follow up question.

* Lending across the entire 'Great State of Texas' since 2004
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