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I currently have a 570 credit score but I paid all debt off. Can I get approved for a loan without a down payment

by abutta906 from Potomac, Maryland. Dec 5th 2016 Reply


It is possible depending on other factors such as income give me a call 240-750-8315 or ballen@mdmortgageapp.com.Brian

Dec 5th 2016
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Larry Gray (lgray_312_247)
#596 ranked lender in California - 1,139 contributions

It is extremely unlikely you will get a loan without a down payment required having a 570 mid fico credit score. You can qualify with some lenders for a 3.5% down payment FHA loan with as little as 580 which is not much to have to bring your credit score up to. You may need to allow for a little more time and possibly getting at least a credit card with a small maximum that you back up with $300 or $500.The only down payment assistance or grants programs I know of, and I provide some of them, require a minimum of a 640 mid fico credit score.

Dec 6th 2016
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