203k Question

Hi Kheste,As some of the other posts note it is possible however it is not just the score that matters. When you consider a 203K loan it is really important to work with someone local. I have seen William Acres and Bert Carpenter post many times and their answers are spot on plus they are close to you. Give one of them a call and let them guide you in your purchase.Wishing you all my best, Don LaPlume

There are lenders in AZ that will go below the 620 to 640 minimum credit scores.. I work with several of them... but without seeing you complete profile, I cannot say... you could improve your score, but have other things on your credit that would still prohibit you from getting an approval.. I'm here locally and would be happy to assist you.. 480-287-5714 WilliamAcres.com

It's not just the score, but why the score is where it is. Although there are several investors with programs that will work with you and your score, you need to work with someone who has the ability to help you get your score up so we can get your loan through any of the 203k investors out there. Why? It is much tougher and usually more expensive using the investors that will accept a lower score. Here at NOVA, we have a complete credit team dedicated to assisting clients like you to get the better score and the best program and pricing. Not everyone is capable of providing 203ks, and even some that claim they can, have never done one. Not only does NOVA have a great in-house 203k program, I have closed 3 of them in the last few months. Give me a call at 480-889-9000 and we'll get you squared away. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com