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Bad Credit & Good Credit 2 people first time Home Buyers. Can we get mortgage?

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gotdavenp Joined: 24 Feb 2011 Posts: 1 1.26 Dollars($)	Posted: Thu Feb 24, 2011 11:18 am    Post subject: Bad Credit & Good Credit 2 people first time Home Buyer Like 0 Dislike 0 I have below 600 credit score with High Income, fiancee has 750 credit score with less than 15,000 verifiable Income. How will this be assessed when attempting to buy first home?
jveenstra Community Expert Joined: 10 Nov 2008 Posts: 1310 Location: River Edge, New Jersey 274.62 Dollars($)	Posted: Thu Feb 24, 2011 3:45 pm    Post subject: Credit Like 0 Dislike 0 Mortgage qualifying uses the lowest middle score of all borrowers. If you are one of the borrowers, the credit scores used will be 600. There are some, not many, lenders who do FHA mortgages with scores below 620. The maximum FHA mortgage would be dependent on which county the property is located. Your incomes may have you looking for mortgage that could be higher than county maximum. _________________ John Veenstra, Sr Mortgage Consultant Approved Funding Corp Licensed NJ NY CT PA 201-833-0123x278

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