Posted on: 15th Jan, 2011 08:42 pm
my fico score is 633, and i have tried to get a loan in the past but no luck, my parents will co-sign and they have perfect credit, but the house price is $194.000 and we have about $10,000 to put down, which is not 20% are there loans out there that we could get approved for.
HI,
You may try for FHA (Federal Housing Administration) loan program. You have to make 3.5% of loan amount for down payment as well as your credit score 633 (as you mentioned in above post) is enough that loan, Most recent bank statement & other few documents required by lender.
Thanks & Regards.
Gunz.ijjistaff :lol: :lol: :lol:
You may try for FHA (Federal Housing Administration) loan program. You have to make 3.5% of loan amount for down payment as well as your credit score 633 (as you mentioned in above post) is enough that loan, Most recent bank statement & other few documents required by lender.
Thanks & Regards.
Gunz.ijjistaff :lol: :lol: :lol:
Hi Justiny1969,
You're definitely going to want an FHA loan based on the information you've provided here. The one issue you may run into is finding a lender that has not jumped on the wagon and increased the minimum credit score requirement to a 640 mid score.
You're definitely going to want an FHA loan based on the information you've provided here. The one issue you may run into is finding a lender that has not jumped on the wagon and increased the minimum credit score requirement to a 640 mid score.
