I am in the market to buy some rental property and had a credit check done to see what kind of interest I can get approved for.Anyways, my agent who is also in the mortgage loan business found Wachovia bank to be my best deal.My credit score was 800 on all three reporting agencies.This would be a loan for a rental SFH.House price 119K10% down1% loan origination fee3.5 points6% interest rateas of two weeks ago..The fees seem too high to me.Why such a tough deal on this loan?

My program helps the tenant improve their credit scores WITHOUT credit repair.The credit partner receives cash at closing and a monthly cash flow.

Your credit score puts you in the deadbeat category.

I really think you need to address the other issue of your finances and get your credit score up first.

is birddogging an option with commercail RE. i would not have the 20% to do a downpayment, credit score is average/above average. well thank you in advance for your time. justin

If you have good credit scores (620-750) your half way there.

Granted all of these required fixes did not cost much, but the time was incredible and we never accounted for it.

I have 30K a mediocre job and a credit score of about 630 what should i do.

well i just spent the last year getting my beacon score up and have been looking for the right deal(my first) The market is crazy with prices increasing monthly so i have to move quick but not make a stupid deal

Your confusion is justified as for the most part, hard money lenders are funded by private investors---hard money loans available in NY range from 65~80 ARV, score driven programs for FICOs as low as 620, some will require cross collateralization or down payments, loan maturities ranging from 6-12 months with rates as low as 13.25%/3 points.Regards,Scott Miller Originally posted by "Windheim":Nope.