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Old 05-18-2011, 06:51 PM
 
Location: GIlbert, AZ
3,022 posts, read 4,541,561 times
Reputation: 2057

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My wife has been in the same grocery industry for 13 years, although in the past 2 years she has switched from Albertsons to Frys, back to ALbertsons and back to Frys...ANybody know of a lender who will work with this, she has been back with Frys for just a little over a month now. Thanks
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Old 05-18-2011, 09:04 PM
 
2,879 posts, read 6,857,626 times
Reputation: 1166
What is your downpayment? FHA, forget about it.
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Old 05-18-2011, 09:08 PM
 
Location: Boca Raton, FL
5,204 posts, read 8,736,014 times
Reputation: 6253
Smile Fha?

Why not?
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Old 05-18-2011, 09:20 PM
 
Location: GIlbert, AZ
3,022 posts, read 4,541,561 times
Reputation: 2057
Quote:
Originally Posted by khuntrevor View Post
What is your downpayment? FHA, forget about it.
It is FHA, why is this a problem?, down payment will be 3.5 percent of agreed upon price.
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Old 05-18-2011, 09:33 PM
 
2,879 posts, read 6,857,626 times
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Never say "never" but........average FICO for FHA is 700ish now, so that is part of it, too. And what about your employment? Based on what you've stated so far, I will say NO. Of all the HOMESTEPS ads on the properties that say buy this for 3.5% down--a minute amount actually sell that way--ironically it is probably about 3.5%, lol. Many, many cash deals now. Rates have never been lower, yet it has never been more difficult to get a loan. Hard money is getting 15-18% with 30% down.
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Old 05-20-2011, 08:21 AM
 
Location: Gilbert - Val Vista Lakes
6,069 posts, read 13,065,165 times
Reputation: 3837
Quote:
Originally Posted by Foreverking View Post
My wife has been in the same grocery industry for 13 years, although in the past 2 years she has switched from Albertsons to Frys, back to ALbertsons and back to Frys...ANybody know of a lender who will work with this, she has been back with Frys for just a little over a month now. Thanks
Send me a DM and I'll give you the name of a loan officer with a large company who is very thorough, and will work with her clients to help them get to where they need to be in order to get approval.
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Old 05-20-2011, 09:58 AM
 
183 posts, read 471,342 times
Reputation: 136
Quote:
Originally Posted by Captain Bill View Post
Send me a DM and I'll give you the name of a loan officer with a large company who is very thorough, and will work with her clients to help them get to where they need to be in order to get approval.
This is the best post of the day.
I'm working with a broker that says employment length is not an issue in Phoenix, when qualifying for a loan.
Especially staying within the same industry.
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