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With a credit score of 600 and a recent foreclosure, can I qualify for a mortgage loan?

Posted on: 22nd Mar, 2009 03:33 pm
My husband and I suffered a foreclosure 1 year ago. In the meantime, we have managed to build our credit to the 600 range. We have had an apartment for the past year and now looking to qualify for mortgage options. I was just wondering if we would be able to even qualify for a mortgage, given our credit score. Any advise?
I don't know of any programs that would allow you finance with a foreclosure except possibly USDA. They offer a credit waiver wiht scores above 620
Posted on: 22nd Mar, 2009 04:25 pm
Hi juliersharp,

A question similar to yours has been answered in the given link:
http://www.mortgagefit.com/foreclosure/qualify-loan.html

Please take a look. I hope it'll help you.

Thanks
Posted on: 22nd Mar, 2009 08:16 pm
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