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Trying to buy a home in des moines with poor credit

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CamaromommyDSM Guest	Posted: Mon Jan 25, 2010 11:15 pm    Post subject: Trying to buy a home in des moines with poor credit Like 0 Dislike 0 i have a 582 credit score and my fiancee has a 584 but he has a foreclosure in the past 4 years i will be a first time home buyer im new to this situation not sure what im doing anyone out there know how i can get a home loan for about 120k even if a co signer is needed i can get that HELP ME ASAP [E-mail address deleted as per forum rules. Thanks.]
Niicss Joined: 03 Oct 2005 Posts: 4770 Location: New Jersey 499.28 Dollars($)	Posted: Tue Jan 26, 2010 2:37 am    Post subject: Like 0 Dislike 0 With the credit score that you have mentioned it would be difficult for you to qualify for a loan. You should have a credit score of 620 to get a FHA loan and 700-720 in order to get a conventional loan. If you have a cosigner with a good credit score, it would be easier for you to qualify for a loan. Apart from the credit score, the lender will also check your debt to income ratio and your income. If you satisfy the required criteria of the lender, you would get the loan. You can take a look at the given page to know about the mortgage basics: http://www.mortgagefit.com/mortgage.html _________________ Good is the Enemy of Great.

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