My middle fico score is 562. Is there any hope for me whatsoever to qualify for a home loan?
I read on one of the questions of this site that 620 is minimum required. Any help or guidance is appreciated. by edithcarmel78 from Greenville, South Carolina. Apr 29th 2014
Todd Glassman (Todd Glassman)
#1 ranked lender in South Carolina - 126 contributions
We can go down to a 560 score but there are certain qualification you need to have and depending on your last 12 month history on your credit report.
Joe Metzler (JoeMetzler)
#17 ranked lender in Minnesota - 4,848 contributions
Many lenders claim they can go lower, but credit score alone does not a loan approval make. Most of the time, when your score is that low, something else on credit will get you denied. realistically, if your score is below 620, you should work on repairing credit before applying for any mortgage loan. www.Minneapolis-Mortgage.net
Jamie Lynne (nationwidelenderforyou)
#137 ranked lender in Texas - 576 contributions
We go down to a 530 in some cases. Let's discuss your loan scenario in more detail. Contact me at 800 315 8803. My name is Jamie and I have been in the mortgage business since 1989. I am happy to answer your mortgage questions, 7 days a week and review your loan scenario. Until then, I look forward to hearing from you. Jamie Lynne - www.bartprequalifies.com - email Jamie@bartprequalifies.com - 800 315 8803
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