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Icon Mini Profile msnover92571
m.snover92571




Joined: 10 Feb 2009

Posts: 146
Location: California
0.45 Dollars($)
Post Posted: Wed Feb 11, 2009 8:10 am    Post subject: Housing Market
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How is the market right now for first time buyers? Is it currently in our favor? As in prices? loans? rates? Any info would be great thanks. My credit is around 600
Icon Mini Profile vegas_storms





Joined: 12 Sep 2008

Posts: 67

3.54 Dollars($)
Post Posted: Wed Feb 11, 2009 5:00 pm    Post subject:
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You're going to be fighting an up hill battle and expect to pay a MUCH higher interest rate than the average joe.
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Icon Mini Profile msnover92571
m.snover92571




Joined: 10 Feb 2009

Posts: 146
Location: California
0.45 Dollars($)
Post Posted: Wed Feb 11, 2009 5:24 pm    Post subject:
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Yea i expected but i was wondering about a fha loan? and i will have 50k down payment
Icon Mini Profile Niicss
Niicss




Joined: 03 Oct 2005

Posts: 4770
Location: New Jersey
499.28 Dollars($)
Post Posted: Fri Feb 13, 2009 4:47 am    Post subject:
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Hi msnover,

You can get a FHA loan at a credit score of 580 provided you do not have any collections or late payments in your credit report.

Thanks.

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