Posted on: 20th Mar, 2009 05:44 pm
Hello to the brokers and loan officers I have a quick question. I am 23 yrs old never had any forclosers, bankruptsy, but I have had problems with medical bills. On my report I have 3 account never paid late and 2 account(medical coll) left to pay. I have paid off the other 7. My highest score is a 603 and lowest 513. Do you think Flag star could help me?
Hi norwoodapril,
With a credit score of 603, it would be difficult for you to get a loan. In order to get a FHA loan, you would require a minimum credit score of 620 and for conventional loans, it would be 700-720. So, I would suggest you to improve your credit score first and then look out for loans. To know more about improving credit,check out the following link:
http://www.mortgagefit.com/credit-rating/credit-repair.html
Thanks
With a credit score of 603, it would be difficult for you to get a loan. In order to get a FHA loan, you would require a minimum credit score of 620 and for conventional loans, it would be 700-720. So, I would suggest you to improve your credit score first and then look out for loans. To know more about improving credit,check out the following link:
http://www.mortgagefit.com/credit-rating/credit-repair.html
Thanks