03-23-2009 08:58 AM
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?
03-24-2009 10:18 AM
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
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