Posted on: 28th Jan, 2009 10:18 am
Any mortgages for a 585 mid score?
Hi Guest!
Welcome to forums!
Keeping in mind today's market situation, 585 is not a very good score. As far as I know, you will not be able to get any kind of conventional mortgage with this credit score. You can try out for FHA loans. There are some FHA loans which are available at a credit score of 580 but the lenders will check if you have late payments or collections in your credit score. If you have late payments or collections, then the FHA lender may not give you a loan.
In my opinion, you should first try to improve your credit score and then look for loans. To know more about improving credit, check out the following link:
http://www.mortgagefit.com/credit-rating/credit-repair.html
Feel free to ask if you have further queries.
Sussane
Welcome to forums!
Keeping in mind today's market situation, 585 is not a very good score. As far as I know, you will not be able to get any kind of conventional mortgage with this credit score. You can try out for FHA loans. There are some FHA loans which are available at a credit score of 580 but the lenders will check if you have late payments or collections in your credit score. If you have late payments or collections, then the FHA lender may not give you a loan.
In my opinion, you should first try to improve your credit score and then look for loans. To know more about improving credit, check out the following link:
http://www.mortgagefit.com/credit-rating/credit-repair.html
Feel free to ask if you have further queries.
Sussane