Is it true I can purchase a home with 40% down no matter what credit score I have?

You would be able to contact many brokers. The broker would then find the right lender with the best terms for you. Yes you can purchase with no fico etc. But the lender is only concerned with the property. If the property meets their requirements, they should be able to help you finance. Keep in mind, that the rates are usually around 9-10%, with a couple of portfolio lenders offering less rates. Fees are about 2-5 points. You can contact me if you need some direction. Good luck.

There are hard money lenders out there who will finance 60% LTV with low scores... The key is, with most lenders, it cannot be owner occupied or 2nd home... it must be for investment proposes... rates and costs will be high, however there is a loan product out there for you.. got to Scotsmanguide.com and search for a lender... WilliamAcres.com

Nevada is a "Brick and Mortar" state, meaning you need to be working with a Lender that has a physical office in Nevada. Yes, Private money lenders, also known as Hard Money Lenders will look at an individual transaction differently than traditional lenders. They are lending based on the property, not the borrower. If you don't pay, they take the property, and since you have so much invested in it, you won't want to let it go, so you pay. Look for a local Mortgage Banker/Broker in the Las Vegas Area to assist you in getting the best possible deal. ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com

There are just a few lenders that will loan to someone with very low FICO scores, but it can be done. I'm working with someone now who has no FICO scores with many medical collections on his credit report, and as long as he makes a down payment of 25% he will be able to get a loan.However, each situation is different. Please answer the following questions.What are your FICO scores?What is your gross (before tax) income?Will you be on the loan by yourself?How much monthly revolving/installment debt do you have?Are you a W-2 employee? If so, how long have you been on your job?What type of loan are you looking for--30 year fixed, 15-year fixed, ARM, etc.?Do you own a home in CA?Give me a call 16/7, or email me, and I'll be happy to walk you through the process. To learn more about me and our mortgage brokerage, click on my picture. When the next page pops up, click on "Website" and you will be redirected to ours. We work exclusively in CA and get loans done fast, typically in less than 30 days, at low interest rates and costs. Representing 39 quality lenders that offer more than 1,000 loan programs, we definitely have something for everybody.

It is possible to do, however, there are very few lenders that will extend you the loan. Fortunately, we work with a few of them. You will still have to meet a lender's other qualifying guidelines. Much more info is needed to determine how feasible it will be for you to get the loan. Many questions must be asked and answered.Give me a call 16/7, or email me, and I'll be happy to walk you through the process. To learn more about me and our mortgage brokerage, click on my picture. When the next page pops up, click on "Website" and you will be redirected to ours. We work exclusively in CA and get loans done fast, typically in less than 30 days, at low interest rates and costs. Representing 39 quality lenders that offer more than 1,000 loan programs, we definitely have something for everybody.