enquiry on loan with a low score

Guest

Can I get a loan to purchase a home with a score of 502? If so where?

Samantha · Posted: Wed Nov 16, 2005 12:12 pm Post subject:

Hi Zully,

Welcome to MortgageFit Forums.

With a low credit as 502 it is difficult to qualify for a loan with the best rates. But there are some lenders and loan programs designed to help people with poor credit. May be in that case you need to make some down payment. Don't worry and never lose hope.

As your friend, I shall suggest to keep trying to improve your credit score which I personally believe is possible for you.

If you still require a loan badly then you may sign up for free with us at http://www.mortgagefit.com/signup/index.html so that we can forward your query to the efficient lenders network that we have. This sign up and discussion is absolutely free of cost.

They will call you up and suggest you the best available options after discussing with you.

God bless you.

For MortgageFit,
Samantha

Guest

Hi,

Loans are definitely available for people with low scores under this competitive market although it may be little difficult to qualify for the conventional loans.

You will find a lotlenders offering loans for low scores but may be you will get them at high interest rates.

Samantha · Posted: Wed Nov 16, 2005 11:08 pm Post subject: RE:

Hi Leo,

I am sure the information you provided here will give Zully some sort of relief. Actually this is what all of us here aim to do - we have a large community of mortgage experts and common people who are dedicated in helping those who are in any sort of problems in their mortgage or related issues.

Our community believes that it is the common people who can help in the development of the mortgage industry. With this belief, the mentors in our community work together along with common people to help several others recover from any kind of problem in their mortgage or related issues.

So if you really wish to help the common people with your valuable suggestions, then Click Here to join our community.

I am sure that all of us working together can really help the mortgage industry develop in a better way.

God Bless You

Thanks,
Samantha.

Cliff · Posted: Thu Nov 17, 2005 1:57 pm Post subject:

Hi Zully,

It is difficult to get a loan with a 502 however it's not impossible. There could be several different programs out there that would fit your needs. The downside would be rates would be high but you would be a homeowner. What I would suggest you do is to find a good mortgage broker/lender who is willing to work with you and point you in the right direction with fixing your credit and getting your credit to where you would need it to be.

All times are GMT - 7 Hours

Page 1 of 1