Bad credit

There are a couple of options. I need to ask first where you received your credit scores? If they are from one of the online services such as Freecreditreport.com they may be way off. This is not knocking Freecredit report.com or any other online credit assistance as they provide a valuable service. However, because that is a consumer pull and not a mortgage pull I have seen those credit scores upwards of 100 points off of ours. Usually lower than ours but not always. So you may be in better shape than you are thinking. For a free update on your credit feel free to give me a call at 603-543-3700 ext 1. If you received your credit scores from another bank than they should be accurate and now we know where we are starting. While amny of us have access to mortgage money below 620 scores on FHA loans the other criteria lenders use when they go to the lower credit scores can often sink those loans. I would recommend working on your credit to improve your scores to the plus 600 level. We have had success doing this for many clients. Should you have any questions please do not hesitate to call me. Don LaPlume 603-543-3700 ext 1. Also, feel free to check out our Free Home Buyer University at www.homebuyeruonline.com. We have some great classes that can take from the privacy of your home about credit, home buying and even negotiating for a home.Wishing you all my best,Don LaPlume

The smartest move is to temporarily stop thinking about buying a home, and to focus on increasing your credit scores. Once you get above 620 you'll be able to work with the vast majority of lenders and obtain the best interest rates and terms in the market.

It depends on which lender. We offer down to a 580 credit score. If interested give us a call.. Alcova Mortgage 301-729-3293

There are two possible options for you based off of your credit scores. You can either A. receive a FHA loan with the plus being the minimal amount down. The minus is the mandatory mortgage insurance for 5 years. The other option would be to increase the scores to 620 and then purchase a home path home. The plus is minimal amount down on the property and no mortgage insurance. The minus is the choice is limited to home path properties only.

Yes.. I have a lender here in AZ, that will go to 500 credit scores, but we don't' lend in MD.. Contact a local mortgage broker, not a bank, and apply with them... they have access to many lenders, and can seek out the right loan product for your particular scenario... WilliamAcres.com

yes you have options. I am a local bank here in Maryland and can provide financing for you as well as look at down payment assitance if you are a 1st time homebuyer. . Please feel free to call me at 410-878-2905Tony Sergi1st Mariner Bank

I would call a broker in your area. I would either increase your score (if possible) or just use your husband depending on the scenario. You should be able to find a broker that has lenders that will go down to a 600 score. I only lend in Florida. Good Luck!!

There are lenders who will go below 600 but it will cost you more in interest rate and monthly payment. Your best bet is to get both your scores to 620 - usually not that hard to do if you have someone telling you how to do it. Most brokers can give you some pointers. I just helped a couple raise there score from 560 to 620 in three months. Call a Lender 411 broker in your area. I know they can help you.

I lned in Marylans, and can go down toa 540 score. I also can get your socre up several points so as to keep your cost down and your interest rate low. I would like for you to cvontact me at 540 293 9296. I can guide you on how to raise your acore in about 48 to 72 hours, then apply for the loan. I just did a buyer in maryland and her score wnet from 586 to a 711 in matter of days. A lot of times threre is misreporting and under reporting on these credit reports. I can ehlp you get wherer you need to be. Give me call Gordon

Maybe, but you probably wouldn't like the terms. The best thing to do is to sit down with a local Mortgage Banker/Broker and work through your credit report to see WHY your scores are not higher. Many times there is an easy fix to get your scores up so you can obtain competitive financing. You will not want to use one of the big banks. Most banks tend to operate with an attitude that implies "Your Good, Here's your loan. Or Go away, you don't qualify. They simply don't want to take the time to help. Getting your scores up to 620 opens up a whole world of options, you just need someone to help you figure out how. Whoever you use, make sure you check them out at the National Mortgage Licensing System at www.NMLSConsumerAccess.org ~ Bert Carpenter, The LoansA2z team of NOVA Home Loans ~ NMLS 40586 ~ www.LoansA2z.com

There are lenders in the market that will lend on lower scores. These loans will typically be FHA (Federal Housing) and will have more stringent guidelines. However this loan is still possible if you can meet the requirements. Good luck

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;