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Guest

I found the house of my dreams. Only problem my score is 548 the cost of the house is 209k i have 25% downpayment. Any Hope?

Garysnober · Joined: 17 Mar 2009 Posts: 450 15.29 Dollars($)

Hi, 25% down payment is good but with a score of 548 i just dont see any hope im really sorry. Your best bet is to improve your score to 620 then lendors and banks will talk to you.

SSPINGARN · Posted: Tue Jun 02, 2009 6:24 am Post subject:

if you can get your scores up you can do it try a credit repair

savior70 · Posted: Tue Jun 02, 2009 7:23 am Post subject:

Hi

Guest, it's almost impossible to get a loan with 548 credit score in this market. A 600+ credit is a must these days to qualify for a new loan. Though you have a good amount of downpayment with you, it'll be near impossible for you to geet approved for a mortgage.

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