bad credit preapproval

There are lenders out there that will approve borrowers with scores below 640 all the way down to 500, however the guidelines are very strict and most don't qualify.. Also remember that FHA requires 10% down if your score is below 580, so you have to deal with a large down payment as well.. Best advice I can give you is to get with someone who can help you restore your credit.. With the higher credit score, you only need 3.5% down, and there are a vast number of lenders to choose from vs. just one or two with the low score.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Most likely, No. I have seen some lenders finance with as low as a 580 score, but even that is becoming less common. Best advice would be to contact a lender who offers a credit repair service. Most times they will credit the cost of the credit repair towards your closing costs.

Hello, as the others mentioned you wouldn't like your interest rate.Where did you get your credit scores from? Online sites like Credit Karma & Credit Sesame, don't accurately reflect your credit scores. In other words your scores most probably will differ on an actual mortgage credit report. I offer Credit Restoration services. Please look at my profile for more information. Thank you;