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Guest

Hello mreeve28xx

If you are interested in a USDA loan you should probably know that you only need to fico score of 620 to qualify. Its an awesome zero money down home loan program. As far as I know it is only eligible in rural areas. But this program most likely differs from state to state. Sincerely, SBS

Guest

Hi, I would like to know if i would be able to qualify for a housing loan? My credit score is 655 from the transunion. I am now working at the medical center hospital and I have been working their for over 4 years. I am now making a little over 33,000 a year. I will not be able to make a down payment at all. I would like to have a prequaify first without it affecting my credit score. is thier anything I can do to check it out or what? I am new at this and i will be the first time home buyer, Plus I have a wife and 2 kids and this trailer i live in it is in need a repair and but it is beyond repair and i want to get outta of here and move in a bigger and safer house. pls let me know what to do.

smithsussane · Posted: Wed Jan 19, 2011 11:41 pm Post subject:

Hi Larry!

Welcome to forums!

With a credit score of 655, you may be able to qualify for an FHA loan. However, in case of an FHA loan, you'll have to offer a down payment of 3.5% - 5%. Unless you offer this down payment, you won't be able to get a mortgage.

Feel free to ask if you've further queries.

Sussane

Guest

Hello yes about a year ago I got a home with a rural development Loan. My questio is How much can my monthly payment go up if I get married. Does it depend on our Income? Please help me how much my payment could go up. Thank you
2hearts

jameshogg · Posted: Mon Feb 21, 2011 12:53 am Post subject:

Hi Guest,

Though you get married, your monthly mortgage payments won't increase. Your payments will remain the same.

Thanks

Guest

the house value is $100,000.00-and my scores are -655-618-603 is this good to get a loan -first time buyer

adonis · Posted: Wed Oct 19, 2011 10:10 pm Post subject:

Welcome adam,

The scores that you have will help you in getting a FHA loan to buy a home. You should contact the local FHA lenders and apply for the loan. They will let you know what type of rates and terms you will qualify for.

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