I NEED A HOUSE. ( who's the go to guy)

[crapstang]

Put it off Long enough and I'm hood rich. Point me in the right direction?

The marriage depends on it lol.

when you get your housing inspection, I can hook you up with a sweet deal.

[mk5.0]

If wife is also a realtor if nate can't help you out.

[03mustangdude]

Well my bank said that even though I have shit credit under 550 they will approve me for 200k whenever i'm ready. Hate having a bank that calls just cuz you got money in the account, really thinking about switching banks.

/rant off got call this morning.

[Nash B.]

I'd honestly put buying a house as one of, if not the most stressful non-traumatic things a person can go through. This is my third go 'round and it doesn't get much easier, aside from knowing the process and what to expect.

Try building one.

[krazy kris]

FHA 580 score with 3.5% down and USDA 640 score with 0 down other restriction may apply such as FHA wants you to have every collection paid off on your credit USDA every collection paid except for medical is the last thing I heard

[Dlachance]

If Nate is unable to help you for whatever reason, contact Sherry LeFils @ House Hunters DFW. They have a property as cheap as $7,000 so I believe they may have what you are looking for, lol.

[2011GT]

Well my bank said that even though I have shit credit under 550 they will approve me for 200k whenever i'm ready. Hate having a bank that calls just cuz you got money in the account, really thinking about switching banks.

/rant off got call this morning.

So you have money yet can't pay your bills?

[idrivea4banger]

If Nate is unable to help you for whatever reason, contact Sherry LeFils @ House Hunters DFW. They have a property as cheap as $7,000 so I believe they may have what you are looking for, lol.

Fuck it, ill jump on that. Eh, all i need is a roof over my head. If it has a roof to begin with.....

[krazy kris]

If Nate is unable to help you for whatever reason, contact Sherry LeFils @ House Hunters DFW. They have a property as cheap as $7,000 so I believe they may have what you are looking for, lol.

is this what she drives

[onjacks]

Im looking for that diamond in the ruff. Or as i call it, the "dead grandma house"

plan to live in and fix up. and after a few years rent it out and buy another small house

[kingjason]

Have fun going through the mortgage process. Damn near turned me off from buying my home.

SVT Lurch on here is a home finance guy that could probably give you better answers than the rest of us in the peanut gallery. I would have probably used him but already had a good relationship with my last finance company.

SVT Made the house buying process as easy as it could be.

[ceyko]

Pretty much you need to go talk with people and get the process started. Also, buyer beware when it comes to that low of a score and being approved.

[SVT Lurch]

580 is FHA's minimum and if RHA (link above) can get it done at that score, I'd be all over that. We can only go down to 640 on FHA in-house. We have a few brokers that claim they'll go down to 580, but none of them ever seem to close because their underwriters come up with one fault in the file and essentially refuse to do it.

FHA does not require all collections be paid. The main restriction on USDA loans is location. You have to be on the far outskirts of the Metroplex to qualify.

I'll be the first to admit some of the paperwork requirements are asinine and similar to an anal caivty search. However, there's a reason everything is required and if you have good records and aren't doing anything shady (moving large sums of cash, etc.) then providing them should not be an issue. Keep in mind, your lender is your friend - they work with you to make the file presentable in underwriting so it meets guidelines and you can be approved. The only reason a (good) lender will ask for more paperwork is because they need it to get your loan completed. Everything provided can open up a new can of worms, but until we have item B there's no way for us to know we need item C, etc.

The smaller banks probably seem like they have more leeway because they have the option to sell to multiple bigger banks. All the big banks have quirky little overlays on Fannie Mae/Freddie Mac's guidlines and knowing who can do what is a big part of getting the process completed (completely aside from making sure the person qualifies for a loan to begin with).

Thanks Jason. Also, glad to see you're getting the backyard set up how you want it.

OP: it sounds like you're looking for something along these lines: http://www.hudhomestore.com/Home/Index.aspx (or master list here: http://portal.hud.gov/hudportal/HUD?...homes_for_sale). Be prepared to jump through more hoops than normal - lots of government red tape.

[onjacks]

Were wanting to get a house early spring. Next month we'll actually sit down with someone for direction on getting this done.

I just need to get the ball rolling before she rolls her crap out the door.lol:u