where can i find a hard or private money lender that does not sell their loans to Fannie Mae or Freddie Mac or to institutions that sell their mortgages to these two mortgage purchasing outfits?
I want to buy a home thats between $10,000-$29,000 but no one will give a loan for under 30,000. any ideas?
My girlfriend and i are trying to purchase a home in south west florida for under 30,000 and we found the home that we want to purchase but the mortgage comp. that we’ve talked to wont give out a loan that is under 50,000.
we have about 2,000-3,000 for a down payment and ny wife has bad credit and i have little to no credit. we’re both in our early to mid twenty’s and we have a 10 month old that we want to give a better home and better neighborhood.
is there anyone out there that knows what we can do to obtain this type of a loan under these situations?
with bad/no credit and a loan for under 30,000 dollars.
To all that read thank you for your time on reviewing this.
Thank you ALL and god bless
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Sometimes you can buy a HUD home. Learn more about it here.
http://www.hud.gov/homes/index.cfm
check with your local municipality and county. There just might be a program locally that helps to stabilize neighborhoods by helping provide mortgages for 1st time home buyers.