Can someone in the California Real Estate Loan biz answer some questions?

My friend wants to buy a house for $300,000, but her credit is not the best. Some parking tickets were sent to collection (tickets someone else got on a car registered to her, after she sold a car to them) and they have affected her credit. I do not know her credit score, but she claims that the last time she checked it was 700. Anyway, I'm not sure how HONEST she is being with me about her score and other items on her credit report, so I can't offer more info. BUT WHAT I DO WANT TO FIND OUT IS THIS:

***WHO IS THE BEST COMPANY FOR HER TO GO TO APPLY FOR A LOAN, FOR PEOPLE WITH NOT SUCH GREAT CREDIT and NOT TOO MUCH MONEY TO PUT DOWN?

***I heard that she will have to put down like 20% down, @$30,000. I don't think she has that kind of money. Is there a company that will give approve her for a $300,000 home loan with ZERO down, or less than $30,000?

She has a very good secure job and she has been there for years.

All info will be greatly appreciated

Can someone in the California Real Estate Loan biz answer some questions?

Don't send her to a spammer!

Her credit is actually pretty good. If her income is good she won't have a problem.

Wells Fargo and Countrywide have the best loans right now.

Can someone in the California Real Estate Loan biz answer some questions?

First of all, has she prequalified for this, in other words someone has looked at her income, debt ratios? If not, that is what has to happen first. You just don't pick a house out and expect to afford it, especially in this market.

Second, 700 is not a bad score at all. But, having said that, what is her debt?

Yes, you have to put $$ down, zero downs are very hard to come by now.

Also, to buy a house while prices are still falling is not wise, I think she should wait until after the dust settles a little on this subprime tragedy. Maybe by June, watch what is happening in your area though, all are different.

Can someone in the California Real Estate Loan biz answer some questions?

Yes, she has many options. I suggest Hometown Banc Corp. My mom used them. They may be your best opportunity for someone to say yes. If your credit does not measure up, they don閳ユ獩 simply 閳ユ竾orget to call you back.閳? They help you get into a credit repair program you can afford regardless of income. Check out the free evaluation form at www.totaldebtsolutionsllc.com and a Hometown loan officer will contact you .