Seeking New Home Financing for Not So Good Credit

Hi M.!
My husband's firm does mortgages and he has told me incredible stories about how some of his clients have been turned down by almost every other lender, including the banks, but he was able to help them. He is very honest and will do his best to help you out. His phone number is ###-###-####. The firm is out of Merrillville, but they are licensed in Illinois also, so no need to worry about that! Hope he'll be able to help you!

Hi there M., My name is L. Anderson and I am a Realtor in Indiana. I work very closely with a fellow by the name of Bill Zakutansky who works for a Brokerage named Continental Mortgage in Merrillville. He is a very honest man who if he wouldn't be able to help you right now would be able to tell you what to do to get yourself to a place where you could buy a home. His number is ###-###-####. I would also suggest that you talk to many different people and find someone that you like and feel comfortable with. Don't let everyone run your credit because that will bring it down a little bit every time it is ran, but that doesn't mean you can't find out from different lenders what kind of programs are out there, and another thing is to watch out for predatory lending, if there is a loan that someone tells you only he/she can do for you, that may be a red flag that you are getting yourself into something that is not right. Also as of March 31st 2008 all of the 100% financing programs for a conventional loans are null. The only wasy to get 100% financing is through a VA loan right now so, you could need somewhere between 3-5 percent, now that is something that you can ask a seller to help you with. Anyhow, I hope some of this helps you. Are you wanting to stay in South Holland? I only have my license for indiana but, if you have any questions feel free to try Bill or you can contact me at ###-###-####. Good luck. L.

Hi M.! I can't guarantee he can help, but if anyone can my brother can! His name is Mike Dedo and he is with RLCA. His direct number is 800.601.3589. He's a senior loan officer and will do whatever he can to help. He's great at hand holding and explains things so even I can understand them! Good luck to you; I hope everything works out!
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Just an update - I talked to Mike and poor credit/no closing costs is definitely doable by your deadline (unless the house is a mansion!)

Founders Bank
Renee Oswald
336 W. Maple Street #3
New Lenox, IL 60451
Phone: ###-###-####
Fax: ###-###-####

Dear M.,

I highly recommend Renee Oswald for your morgage needs. She is compassionate, nice and loves to help people. If she cannot help you, she will find someone who can. She is a great referral source.

Good luck!

K. H.

I heard that dept stoppers was a really good program and if they are unable to help you, they will refer you to someone who can. Sorry, I currently unable to locate the number, however I will forward the information to you tomorrow.

I would like to refer the young man who helped me get my 1st home almost 2yrs ago. His name is Michael Baker with Countrywide Bank. You can contact him via cell#630-707-7727/fax#866-681-3202. I felt he did a really good job getting me a loan that was best for me. Give him a call. I hope things work out for you and your family.

I don't want to sound like the voice of doom or gloom here, I just want you to go into any and all of this with open eyes.

1st thing I would suggest you do, is contact the landlord and see if they will extend your lease 3-6 months. Let them know you intend to purchase, but need some time to get things in order.

2nd contact some Mortgage brokers. (Countrywide, Integrity Home, places like this) They are in the phone book. Let them know up front what it is you are looking for and see what they say.

3rd. I know this is going to sound strange. When you made that large pay-off, your credit score droped. Now yes, it will raise but that usually takes 3-6 MONTHS. If you can, write to the company and request a Letter (on their Letter head) stating that your debt to them is clear.

4th. Before you agree to go with any lender, know what they are about. I'm sure you are aware of the problems that have arrisen in the last year with MANY lenders.

5th Try your Bank. Many banks offer Mortages, it is just not their mainstay, so they don't advertise. If you have been a customer of theirs in good standing, many will take the risk when others wouldn't.

I hope this helps, good luck.

Call James Harris
Wells Fargo Home Mortgage
Branch Manager
Mortgage Consultant

Rick Simpson
RCLA - Mortgage Consultant
###-###-####

Let them know I referred you!
C Liberty

Best Wishes for your wishes!

Hi M.
Here is a name of a wonderful person who is currently helping myself and my husband. I kind of have the same situation with my credit. He can offer you different options. You can let him know that I referred you.

Good Luck!
Mary and Jose Lopez

Jeff McCormick GRI
RE/MAX ALL/STARS
10210 Wicker Ave
St. John IN 46373
Primary: ###-###-#### Secondary: ###-###-####
____@____.com
http://www.movingindianahomes.com

Hi M.,
I have a contact for you. This is my best friends mother-in-law. My best friend went through a very similar situation. Mom-in-law is a loan officer for First Select Mortage in Calumet City - (name) Odessa Henderson - ###-###-####. I have never personally had to do business with her but I know she's been in this line of business for years now. I'll be praying everything works out for your family.