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Dana.octavia, Renter in Virginia Beach, VA

I have a credit score of 603, a co-signer and I will be able to give a down payment of 10%, will I be able to purchase a home?

Asked by Dana.octavia, Virginia Beach, VA Thu Apr 25, 2013

Rent payments are so high that it is hard to work on my credit score.

Help the community by answering this question:


580 is the min score with FHA, visit The Lenders Network, I have seen loan approvals from them even with scores under a 600..
Good luck
1 vote Thank Flag Link Sat Sep 28, 2013
Dear Trulia,
I am checking to see if anyone needs help in my area. Why are all the questions here dated 4-5 months ago?
0 votes Thank Flag Link Mon Sep 23, 2013
Hi Dana, there are some lenders that will go down to 580 middle FICO score but highly unlikely they will accept a co-signer. It appears that your cash flow is pretty tight so hard to pay down your debt but the best advice I can give you is do what you can and wait till your scores are at least 640 perhaps 620.

I wish you well.

Fritz Walter
0 votes Thank Flag Link Wed Aug 21, 2013
Yes. I know of a few lenders that will approve loans even under 600 in some cases, happens everyday. If you want some real advice please email me or visit our website
0 votes Thank Flag Link Tue Aug 20, 2013
Keep in mind a co-signer is a joint applicant. Will the joint applicant be an occupant or not. How is the DTI of the joint applicant. Credit scores aren't the only determining factors when using a joint applicant. It's not like purchasing a vehicle that you can have a co-signer help...

You need to sit down with a lender and do a formal loan application with your joint applicant to see if the loan would qualify. If not you may want to check out my blogs here on Trulia on how to improve and raise your credit scores, or you can call my office.

Best of Luck:

Christina Solorzano;
CEO & SR Credit Repair Specialist at
Everlasting Credit Repair
Ex-Mortgage Banker of 10 years
0 votes Thank Flag Link Fri Apr 26, 2013
Hi Dana,
Contact me at 757-705-0822 or I'll put you in touch with a lender that will evaluate your credit score. If you don't currently qualify for a loan, they'll work with you to improve your score.

Richard Tate
Rose and Womble Realty.
0 votes Thank Flag Link Fri Apr 26, 2013
Probably...there's several other factors to consider. You'll need to apply with a lender who works with lower credit scores.
0 votes Thank Flag Link Thu Apr 25, 2013
How do find one that does? What do I ask for? Thank you.
Flag Thu Apr 25, 2013
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