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can i get a morgage with poor credit

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Guest	Posted: Tue Jul 07, 2009 4:55 pm    Post subject: can i get a morgage with poor credit Like 0 Dislike 0 I want to know if i can get a maorgage with a low becan score
eric1 Community Expert Joined: 04 Jan 2009 Posts: 1511 226.89 Dollars($)	Posted: Tue Jul 07, 2009 8:02 pm    Post subject: Like 0 Dislike 0 It all depends upon how low your score is. Any idea? _________________ Eric JFree Rate Quote, Stated Income Loans FHA RATE QUOTE Mortgage Rate Quote
jenkin7 Joined: 04 Jun 2007 Posts: 4537 Location: Hawaii 728.43 Dollars($)	Posted: Wed Jul 08, 2009 12:38 am    Post subject: Like 0 Dislike 0 Hi Guest, Qualifying for a mortgage with poor credit score will be difficult in the current market. Lenders are now more strict than before when it comes to approving your loan. A minimum of 600 credit score is necessary to qualify for a loan now-a-days. A score of 620 would be much better, though. What are your credit scores?
elnoralittle Community Expert Joined: 01 Oct 2008 Posts: 285 Location: Maryland 26.35 Dollars($)	Posted: Wed Jul 08, 2009 5:26 am    Post subject: Like 0 Dislike 0 There are some lenders out there that will go to 580 on an FHA loan with the right explaination..or RHS. BUT you will be paying for it in the rate. The best is to evaluate your credit. Why is your score low. If it is low because you have trouble making your current payments, maybe home buying isn't the best option right now. If you default on a mortgage, that effects your credit for years and is very hard to come back from. If you had a temporary set back and are now on the right tract, it is something to consider. There are ways to boost your score, that a credit repair specialist or a lender might be able to advise you of. http://www.myfico.com/crediteducation/brochures.aspx the following link may help you to understand your score a bit more and might provide you some helpful tools to get on the right track with your credit. _________________ Elnora Little First Home Mortgage First in Customer Service! 301-437-5605
Mortgage_Man_X Guest	Posted: Wed Jul 08, 2009 6:22 am    Post subject: I Can Help With Your Mortgage! Like 0 Dislike 0 I Can Help With Your Mortgage! I would love to assist you. Email me back, and let's discuss! MSmith@PrecisionFundingUSA.com M I am on line now!
annyb27 Joined: 07 Jul 2009 Posts: 144 -1.08 Dollars($)	Posted: Wed Jul 08, 2009 9:03 am    Post subject: Like 0 Dislike 0 It all depends upon which type of loan you are applying. Also credit score is important factor for mortgage. As everyone suggested above will defenately help you. Poor credit score will not help you.

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