Posted on: 25th Jun, 2013 01:22 am
My boyfriend and I are planning for home ownership in the next few month. But the problem is I have a terrible credit score and my boyfriend is also unemployed. However, he will be working soon and I will also start working. If I improve my credit score to 650... Will I be eligible?
Hi Vernon,
With a credit score of 650, you may be able to get a FHA loan. Conventional loans may not be available to you with such credit scores.
Take care.
With a credit score of 650, you may be able to get a FHA loan. Conventional loans may not be available to you with such credit scores.
Take care.
Hi Vernon,
I agree to what Sara has said. In order to get conventional loans at a good interest rate, it will be better if you could improve your credit score to 720 - 740.
I agree to what Sara has said. In order to get conventional loans at a good interest rate, it will be better if you could improve your credit score to 720 - 740.