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FHA loan on a mobil home

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rogh05 Joined: 27 Jun 2011 Posts: 1 1.29 Dollars($)	Posted: Mon Jun 27, 2011 3:00 pm    Post subject: FHA loan on a mobil home Like 0 Dislike 0 My Grandparents passed away a year ago. My brother lived with them and wants to buy there house. He dosent have much of a credit history. I think his score is around 580-600. Is there any progams out there or anything he can do to buy the property?
jameshogg Joined: 20 Dec 2005 Posts: 10477 Location: Nevada 990.06 Dollars($)	Posted: Mon Jun 27, 2011 8:28 pm    Post subject: Like 0 Dislike 0 Hi rogh, It will be difficult for him to get a mortgage with such low credit scores. In order to qualify for a FHA loan, he should have a credit score of at least 620. If he wishes to go for a conventional loan, then he should have a credit score of around 700-720. Thanks
raymond Community Expert Joined: 03 Jul 2009 Posts: 1191 Location: Irvine, California 28.24 Dollars($)	Posted: Tue Jun 28, 2011 8:40 pm    Post subject: Like 0 Dislike 0 >>or anything he can do to buy the property? Yes, he can use a co-signer. _________________ Raymond Denton www.RaymondDenton.com

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