Can I get mortgage at bad credit?

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Icon Mini Profile wildstorm_films
wildstorm_films



Joined: 22 Aug 2007

Posts: 131

8.70 Dollars($)
PostPosted: Mon Aug 27, 2007 6:24 am    Post subject:

Thanks Samantha. I didn't even know there was alternative credit scoring. Man, can't they just stick with one thing? lol.
Icon Mini Profile evolovik26
evolovik26
Community Experts
Community Experts


Joined: 15 Aug 2007

Posts: 538
Location: Minneapolis
28.93 Dollars($)
PostPosted: Mon Aug 27, 2007 9:16 am    Post subject:

Here is what you an expect with your score

You will have to have at least 20-30% as a downpayment and you will have to be making enough money to fit the debt to income ratios and in that case you can get a mortgage but expect a 9%++ rate. In any other case you will not likely to get a loan.

_________________
Eugene Volovik
Home Loan Consultant
Countrywide

612-481-3127
Conventional, FHA and Commercial Lending in 48 states
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