Getting Our Home Back
About 4 years ago my wife and I where having some finance issues, we transferred the titled ( sold ) our home to our close friend. The friend now needs to get rid of the mortgage, however we are below the FHA standards for a home loan. is there anything we can do to not loose our house? by jesseI938 from San Dimas, California. Nov 1st 2010
Todd Tholl (toddtholl@leader1.com)
#4 ranked lender in Iowa - 239 contributions
If you're credit scores are below 640, you may have trouble qualifying for an FHA loan. If they are between 620-640, the USDA RD loan program may be a possibility if the property is located in a rural area as defined by the USDA. Google "USDA Rural Development loan property eligibility" to check. If your score is below 620, you'll have trouble qualifying for a loan.
Rudi Hofmann (CaPortfolioLoans)
#281 ranked lender in California - 380 contributions
I'm assuming you mean your credit score. ... What is the lowest middle score of all borrowers?
JENNIFER URANGA (JennatAmerifirst)
#43 ranked lender in Arizona - 40 contributions
What standards were you given for the FHA loan?
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