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We can go down as far as a 580 mid score.
I have a low score of 601 and my highest of 644, self-employed and a down payment. Could I get a home loan? Would I need a co-signer? I'm looking at homes in the 60K price range in the GA area.
I have a 560 credit score. I know it is a bad score. If I put 50% cash down on the house and have a family co-signer on the loan with A+ credit is it easy to get a decent 30yr fixed mortgage for the other 50% I am looking for houses in the 100K proce range.
Yes, Call me to discuss ways to improve your credit score.
I have a credit score of 640 ( highest) one and 587 is the lowest score , I am self employed but also work for a
casino 7 months out of the year. Would I qualify for a loan ? And if not and I have 20% for a down payment would that override the fact that I only work a seasonal job ?
Rebecca, there are 3 credit reporting agencies, and usually the credit scores vary. If you haven't already met with a lending institution, I suggest that you do. Quite often, a few adjustments on your part will result in A positive effect on your score . Good Luck!
Even if you can obtain a home loan with a score that low (which is probably not the case) the larger question would be can you handle having a mortgage given the circumstances and/or practices that have lead to the score you have. You would probably do better doing the work of getting the score up AND learning how to handle the items you will be responsible for so that you put yourself in a good financial spot going forward.
I work with a local lender that can qualify you, (depending on certain circumstances) at a 600. This lender also has an in house quick credit repair. Depending on your credit report, they may be able to offer a few suggestions, that could bring your credit score up to the 600.
Please call if you have any further questions.
Hi Home Buyer,
Yes, you should have a score of 640 or higher to qualify for a home loan now-a-days. There are many self help programs that can help you improve your credit rating with the three credit reporting companies. Many of them can be found online and can work for you in a short period of time.
Call or email if you have any further questions.