Posted on: 07th Aug, 2009 11:04 am
Are there any lenders that will lend to me if I have a 580 credit score? I am willing to pay a higher interest rate. If not, are there any safe private lenders (non-traditional lenders)?
how would you define a "safe private lender?" no matter how you slice it, you'd pay an exorbitant rate to compensate for your credit score in that case.
supposedly (i don't know who) there are lenders in that market, able to help those, like you, with challenged scores.
supposedly (i don't know who) there are lenders in that market, able to help those, like you, with challenged scores.
You would be better off working on yoru credit score and improve it to reach 620.
You can get FHA loan with 3.5% down, but minimum score of 620
You can get FHA loan with 3.5% down, but minimum score of 620
you should work on improving your credit score and try to bring it equal to 620 or above so that you can qualify for FHA loan
eric, thanks for those pearls.
improve your credit score upto 620 then only go for FHA loan.