Why is it hard to find a mortgage?

I would like to find out why its so hard for people with a score of 500+580 cant get a mortgage. I've been trying for 2 months for a mortgage all they want to do is a 90% loan. I need a 100%.

I got the seller to pay the closing at 3% and he will hold 5% of the loan. I need some one to help me with this loan. The house is in Kodak, Tennesse. The seller wants 6,900. I got him down from 69,900 to 69000. I REALLY NEED SOME HELP! Please comment or email me.

THANK YOU,
Della Norris

Comments(1)

  • joel24th September, 2002

    Getting a 95% investor loan is tough even if you have good credit. If you don't have any money, what about bringing in a partner??

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