How hard is it right now to get a mortgage right now?

[JBC77]

You probably need a 780 credit score, 15%-25% down. Do the banks even have the capacity to do it at the moment? Looks like Freddie Mack and Fanny Mae are on the ropes. Indy Mac is at 0.30 cents a share right now.

[AgainstAllOdds]

Last time I heard its acutally not that bad...and nows the time because intrest rates are so low.

[pokernut9999]

Just bought a home in March with no money down.

[robmpink]

I just talked about this w/ the lender and he said 580 and this is w/ a $5,000 downpaymet. This was for a $90,000-$100,000 range. I would think geographics play a part in this? I don't know.

[JBC77]

Just bought a home in March with no money down.

Zero down.....whats that payment like? When I bought I put a good piece down. I probably pay 20% less than what people pay in my area to rent on a monthly basis. Its like $900.00 - $1,200.00 a month for rent on a condo / nice apt. here in CT.

[robmpink]

Zero down.....whats that payment like? When I bought I put a good piece down. I probably pay 20% less than what people pay in my area to rent on a monthly basis. Its like $900.00 - $1,200.00 a month for rent on a condo / nice apt. here in CT.

My wife is from Newington. The prices for houses in CT is nuts. I really cannot get warm to CT, accept for Foxwoods.

[JBC77]

My wife is from Newington. The prices for houses in CT is nuts. I really cannot get warm to CT, accept for Foxwoods.

Small world......thats crazy rob. I'm like 10 minutes from Newington maybe less. Thats crazy.

Yeah.....CT is one of the most expensive states to live in. Might actually be in the top 5 statistically.

It's unreal here. We generate no electricity here. So we have to buy it from other states. Think Enron. Everything is expensive.

[pokernut9999]

Zero down.....whats that payment like? When I bought I put a good piece down. I probably pay 20% less than what people pay in my area to rent on a monthly basis. Its like $900.00 - $1,200.00 a month for rent on a condo / nice apt. here in CT.

3,000 square foot house on 4 acres with barn , RV garage and small tool house.

All for $1300 a month , a lot cheaper to live in South Caroilna.

[rcn848]

A paper loans are no problem.

Fannie and Freddie aren't going anywhere.

[JBC77]

3,000 square foot house on 4 acres with barn , RV garage and small tool house.

All for $1300 a month , a lot cheaper to live in South Caroilna.

Thats outstanding.

Plus the barn. That must be one hell of a shed. Thats all I got.

Might be your neighbor some day.

[JBC77]

A paper loans are no problem.

Fannie and Freddie aren't going anywhere.

Yeah. Because by the end of next week that will be on the tax payers tab as well.

[EddieJones]

You probably need a 780 credit score, 15%-25% down. Do the banks even have the capacity to do it at the moment? Looks like Freddie Mack and Fanny Mae are on the ropes. Indy Mac is at 0.30 cents a share right now.

You needed that before too. All I can say is that the Feds rate cuts have made my mortgage payments less. I am buying up alot of cheap tech stocks the last couple of days, like PLUG, SIRF, ETFC and ESLR. This "despression" is overratd.

[HAPPY BOY]

applied for 45k 2nd mortg to convert a heloc to a fixed.. they asked me for my 1st born. no, seriously, it is 100x harder.. they must of asked me for a million docs. i finally got the loan, but man was it taxing.

[purecarnagge]

I just got a loan they were ready to approve me at a 6.something rate and then I put 30k down and said you can do alot better than that and they did.