---

fha loan requirements / credit history

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
sofiarus07 Joined: 19 May 2011 Posts: 6 2.42 Dollars($)	Posted: Thu May 19, 2011 11:16 am    Post subject: fha loan requirements / credit history Like 0 Dislike 0 Hello, I have 3 credit cards, 4,6 and 7 months old. I have no rental history or any utility bills on my name. Fico score is 660 Can I qualify for a loan now? Thank you
Guest	Posted: Thu May 19, 2011 12:53 pm    Post subject: Like 0 Dislike 0 If you dont have any other history for 2 years, then you wont be able to get financing. You need to have 12-24 mos of credit history, if not credit history, you need alternative trades, such as utilities. Can you have a co borrower?
jameshogg Joined: 20 Dec 2005 Posts: 10477 Location: Nevada 990.06 Dollars($)	Posted: Thu May 19, 2011 8:07 pm    Post subject: Like 0 Dislike 0 Hi sofiarus, You should have 2 years of credit history and 2 years of employment history along with a good credit score in order to qualify for a mortgage. With a 660 credit score, you'll be able to get only FHA loan if you meet all the other required criteria of the lender. You won't be able to qualify for a conventional loan. Nevertheless, as Guest has suggested above, if you can manage a co-signer for yourself who has a good credit record, then you will be able to get a mortgage. Thanks

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0