Thanks for the question. Most lenders and banks have a min. 620 credit score. There are other loan programs you can qualify for to purchase a home. Please give me a call to discuss. Steven N Taylor-President/Loan Officer MLO#4349 First Northern Financial Group, Inc. MB#1537 980 Eddie Dowling Highway N.Smithfield, RI 02896 Office: 401-762-8140 Ext. 202 Mobile: 401-595-2558 Fax: 401-762-8141 Email:staylor@fnfgroup.com Website: wwwfnfgroup.com
May 13th 2014Rates:
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I haven't heard of any conventional loans below 620 middle score. FHA may have some options, but they are difficult to qualify for and you will have mortgage insurance, even with 20% down. My advice would be to consult a local lender about where your credit is now and where it needs to be. They may be able to offer advice and/or provide you with the information for a credit repair specialist.
May 13th 2014The lowest we can go is 620 on a conventional. On FHA and VA, we go down to a 530 middle score and USDA we go down to a 580 middle credit score. 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
May 13th 2014