Q&A: what mortgage lenders are most flexible in cincinnati ohio?

Question by : what mortgage lenders are most flexible in cincinnati ohio?
My mother is on a fixed income of only 610 per month on top of that she has a credit score of only 560 she lives in a mobile home that is very dangerous , mold, electrical problems, holes, etc. She wants a home of here own but doesn’t think there is any mortgage company willing to work with her. Most of her credit problems are from hospitals. Is there any Mortgage companies that are willing to work with her on getting just a 30000 loan for a house that has been foreclosed?

Best answer:

Answer by Use Your Noodle
NoShe doesn’t have enough income to qualify for a 30k loan. Add to that her bad credit rating, and she behind the 8 ball before she even has a chance to fill out loan papers. Just because someone *wants* a home of their own doesn’t mean they are entitled to one or that some bank should be flexible. The chances that your mother would default would be high. Also, the way you are putting it, it sounds as if you think banks are eager or hard up enough that they would put people who could not qualify for a mortgage into a foreclosed home. Putting people into a home they couldn’t afford was the reason why they now have a foreclosed home on their hands to sell. Trust me, they don’t want to be burned again. If your mothers place is not safe to live in and she is renting, she needs to either get the landlord to fix the issues, or find another place to live.

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