Compare Mortgage Quotes

Guest

I AM LOOKING FOR A LOAN WHERE I CAN BORROW 60,000 USD TO BY A HOME .THIS WOULD BE A FIRST HOME I AM ONLY 23 YRS OLD AND NOT SURE WHICH WAY I CAN GO .MY CREDIT SCORE IS 601 SO I'M GUESSING NOT SO GOOD .THE MOBILE HOME I AM WANTING IS ON 1.94 AC AN WELL BUILD HOME IS A 14X70 2BDRM.2BA. BEEN ON MY JOB FOR 2YRS NOW .I GUESS WHAT I AM SAYING IS WHERE DO I GO FROM HERE? PLEASE HELP ME IF YOU CAN REALLY WANT HOME HAVE 2 YR OLD DAUGHTER.

jameshogg · Posted: Sun Jan 30, 2011 7:46 pm Post subject:

Hi dilligaf,

With a credit score of 601, it will be better to apply for a FHA loan. You should contact the local FHA lenders and start applying for a mortgage. As you've a stable job for the past 2 years, it will be easier for you to qualify for a loan. However, you should definitely take steps to improve your credit score. To know some tips to improve your credit score, take a look at: http://www.mortgagefit.com/credit-rating/credit-repair.html

Thanks

gmakerley · Posted: Wed Feb 16, 2011 11:34 am Post subject:

Elliott, please cease and desist.

Dilli...I agree with James that you'll be best served with an FHA lender. We don't know where you're located, of course, but if you search on HUD's website you'll be able to find lenders in your area that may be able to assist you. Mobile homes are difficult - not many lenders are interested in that form of lending, but you still ought to seek out someone to help you. In the meantime, take steps to improve your credit score (continue making timely payments on any debt you have currently, pay in full any judgments, etc. if they exist, avoid using credit cards or any new credit and avoid any new credit inquiries from possible creditors).

annwilliams89 · Posted: Tue Mar 01, 2011 9:21 am Post subject:

You most definitely need to improve your credit score and do agree with James and George-meet with a FHA lender. This will help you more than anything. Good luck with everything!

Compare Mortgage Quotes

looking for loan to buy a first time home,

Financial Tools

Our Community

Community Rewards

Property State:
Property Type:
Credit Rating:

Company	Loan Type	APR	Est. Pmt.
				Go
				Go
				Go
				Go
				Go
				Go

All times are GMT - 7 Hours

Page 1 of 1