Is there a company that does home loans with bad credit?
March 29th, 2010 | by admin |
We are first time buyers. We both have low credit scores. Mine 550-580 and his 500-520. We are looking into a FHA loan. The house we are looking at is a bank owned has been on the market since sept.08 and the starting price was 169,900 and is now 114,900. We have 5% for the down payment. What does the 7,500 help with?
Try these sites.
www.badcreditmortgagehelp.org
www.fhahomeloanhelp.org.
Chances are you will need to bring the 520 score up to around 530 to stand a chance for a manual underwrite.