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elisaorlando

Joined: 14 Sep 2009
Posts: 1
0.16 Dollars($)
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Posted: Mon Sep 14, 2009 11:23 pm Post subject: bad credit loan? |
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| Me and my wife both have low 500 fico scores? is there any hope? |
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Garysnober

Joined: 17 Mar 2009
Posts: 455
15.40 Dollars($)
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Posted: Mon Sep 14, 2009 11:25 pm Post subject: |
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| Hi Elisa, With both you and you wife with such low scores there will be very little chance at a loan. There is a lot more information needed to see if you may qualify but even FHA loans do require at least 620 minimum fico scores. They will also look at work history, down payment, debt, bank statements, pay stubs. |
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gmakerley
 Community Mentor

Joined: 09 Nov 2007
Posts: 9808 Location: bloomfield, ct
45.23 Dollars($)
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Posted: Tue Sep 15, 2009 6:58 am Post subject: |
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there is always hope, but it may be delayed a bit. you'll need to correct whatever it is that has dragged down those scores, as well as re-establish some favorable credit references. _________________ George M. Akerley
Loan Consultant
860-221-5044 |
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JKennedySLG
 Community Experts

Joined: 01 Apr 2009
Posts: 374 Location: New Jersey/New York
14.97 Dollars($)
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