Posted on: 11th Dec, 2012 09:00 am
Hello I have a current credit score of 530 due to being late on all my bills except for my car and rent. I was late in September, October, November. I am now current on all my bills and my credit reports are showing this. I was late due to changing jobs. My question is I need to buy the house that I am currently renting by June 2013. I am going for the USDA home loan due to no down payment and I live in a rural community in North Carolina. What are my options if any and what is the possiblity of purchasing the house by June 2013? The purchase price is $65,000 but is worth $95,000 due to the 3 acres of land that comes with it. Any help would be great, thank you.
Hi thedaley,
Though you are looking for a USDA loan, you will require a credit score of around 620-640. So, you should take steps in order to improve your score and then apply for loans.
Though you are looking for a USDA loan, you will require a credit score of around 620-640. So, you should take steps in order to improve your score and then apply for loans.
Hi thedaley!
Welcome to forums!
Check out the given page in order to know some steps to improve your scores: http://www.mortgagefit.com/credit-rating/credit-repair.html .
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
Check out the given page in order to know some steps to improve your scores: http://www.mortgagefit.com/credit-rating/credit-repair.html .
Feel free to ask if you've further queries.
Sussane