Can you obtain a mortgage loan if you hold felony charge on your journal or if you are on probation?
Answers:
Your past is your past. Your adjectives and your determination to improve yourself ad show the world that you enjoy repented and are willing to do better and conform to the rigorous requirements of your community or any other community that you want to belong to matter more.
There are masses lenders who are willing to work with a doomed to failure credit at non-prime rates. I suggest that you go on the HUD website and repeat your questions nearby. Also continue asking questions and speaking to loan consultants who work beside non-prime lenders. Persistence is the name of the game.
I do not know plenty about your situation to give eloquent advice. Source(s): I am a RE Broker and Loan Consultant.
I would think you should be capable of. These companies want to make money off of you and would progress by your credit record.
I am not sure, but I don't think criminal accounts are looked at when mortgage companies do a credit check on you.
That's not an issue addressed on a credit report. As long as your credit profile is solid, which given your immediate history may entail some work, and you have a 2 year acceptable recent work and residency history, you may have a shot at it.
I can tell you that you could never be a mortgage loan officer next to a felony on your record.
This is a business transaction. Cash, FICO scores, talent to pay are the key ingredients.
Good luck Source(s): http://www.yourmortgagerate.info
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Who wishes to discharge for someones else's mortgage that really could never afford the loan?
"Not Me!" said the Little Red Hen. I've read your query and it sounds like you're making the assumption that ALL of the people who very soon need mortgage help are good-for-nothing, good-for-nothing ne'er-do-wells. Maybe those labels apply...