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Loan for 580-590 credit score

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TranslationsAm Joined: 02 Feb 2011 Posts: 1 1.28 Dollars($)	Posted: Wed Feb 02, 2011 1:11 pm    Post subject: Loan for 580-590 credit score Like 0 Dislike 0 Look for a loan of a home value of 250,000 and have like 18% to put down. My husband will be doing the loan, his middle credit score is 594. He has a solid work histroy and has been paying on time the last 6 mths. Makes a yearly sally of $46,000. Also have no debts. What are our chances of finding a loan in PA
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Wed Feb 02, 2011 7:21 pm    Post subject: Like 0 Dislike 0 Hi TranslationsAm! Welcome to forums! With a credit score of 594, it will be difficult for you to qualify for a conventional loan. Your husband can contact the local lenders and check out the option of FHA loans. Your husband may qualify for a FHA loan. Feel free to ask if you've further queries. Sussane

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