my credit score is around 619 can i get a mortgage loan?
Dev asked:
my income is low but i have someone else that has been working at there job for 7 yrs
me and my other have have been living together for the past 6 yrs his credit is bad my mine is fair he has the better job and we want to buy a house with no money down
Jacob
my income is low but i have someone else that has been working at there job for 7 yrs
me and my other have have been living together for the past 6 yrs his credit is bad my mine is fair he has the better job and we want to buy a house with no money down
Jacob
Tags: Buy A House, Buy House, Money Down
July 19th, 2009 at 12:14 am
Mildred
And are they willing to cosign? Co-inhabit?
July 21st, 2009 at 12:55 am
Chris
What do you mean “you have someone else..for 7 yrs”? Are you married or is this just someone you live with? If you aren’t married, don’t buy a house with someone else.
If you have a credit score of 619, read the articles that tell you how to improve it, do those thingsas well as you can, and save the money so you will have a down payment.
July 24th, 2009 at 12:12 pm
Derek
Home loans are now available to many people for whom they would have been out of the question just a few years ago. You’d be in much better shape to bargain for better interest rates if you had a more impressive credit history, but if the house you want is the deal youinterest rates, get bigger returns on the money loaned, and the borrowers get a homes in which to build equity, and chances to restore their credit records so that the first bad credit home loans they take will also be the last!
July 24th, 2009 at 3:04 pm
Eva
Mortgage rates differ a lot and are based on your credit rating and the value of the home. Before approving your loan, your lender will scrutinize your credit history. There are two types of mortgages according to the type of rate: fixed or adjustable. Consult a mortgage broker or contact the lender directly asking for quotes. This lets you decide between both the varieties of mortgages.
July 27th, 2009 at 12:21 am
Ida
you need a 620 for MyCommunity…that’s no money down.
you will need 2.25% down payment for FHA mortgages.
also the seller will have to pay for your closing costs.
July 29th, 2009 at 3:52 pm
Allison
Hi,
You can get it. Checkout for some useful info and tips. Good luck!