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Can I still qualify for the HECM loan without income or credit scores?

Can I still qualify for the HECM loan without income or credit scores? by courtn_256_245 from La Plata, Missouri. Apr 16th 2012 Reply


NA NA (NAAAAAA)
#18 ranked lender in Missouri - 18 contributions

Their are no credit score or income requirments for a HECM loan.We usually obtain credit soley for the purpose of contact your current servicing lender only if you have a mortgage balance.The only information passed on to the funding lender is the loan payoff amount only if you owe money on the home.You are welcome to contact us anytime if you have more questions at www.delinefinance.com or www.myhouseloan.biz or call anytime 888-279-5427 Thanks Jeremiah

Apr 16th 2012
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Dennis Sauerwein (stlmortgagerates)
#10 ranked lender in Missouri - 20 contributions

Yes we can help you with that. Call me at 314-703-7200.

Apr 16th 2012
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Sara Deere (Mortgagequeen2)
#15 ranked lender in Missouri - 608 contributions

I am able to help you obtain a HECM mortgage. Please call me at 816 703 7940.

Apr 16th 2012
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Ralph Richard Guertin (ralph@absolutelowrates.com)
#58 ranked lender in Georgia - 807 contributions

mostly based on your equity position

Apr 16th 2012
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William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions

Yes.. HECMs do not require credit or income.. it is solely based on the value of your home.. best advice I can give you is to contact a LOCAL mortgage broker, not the local "Big" bank, and certainly not one of those 50 states internet lenders... the LOCAL broker is familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Apr 16th 2012
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