Credit Score in Las Vegas>Question Details

Barbielyn, Other/Just Looking in Las Vegas, Las Vegas,...

can i buy a home in vegas with 50.000 down a 610 score and 32 yrs at present job.

Asked by Barbielyn, Las Vegas, Las Vegas, NV Thu Aug 18, 2011

Help the community by answering this question:


Randall Yates’ answer
Yes. There are lenders that will lend to people with scores as low as a 580 mid score. You have at least 2 strong compensating factors, length of time on your present job and reserves. Check out our website or email me if you want some assistance in attaining a loan.
0 votes Thank Flag Link Wed Aug 21, 2013
Most likely. But there is much more to obtaining financing than just the 3 C's (Credit, Collateral, Capacity) these days. This post is so old it made my screen dusty.

Check me out on the National Real Estate Post and get your clients an approval today!…

Thank you for choosing City First Mortgage Services,

Nathan T. Kessler | Sr. Mortgage Loan Originator

City First Mortgage Services
8871 W Flamingo Rd Suite 202
Las Vegas, NV 89147
(C) 702.683.3126 | (F) 702.974.0848 | (O) 702-522-6743
Company NMLS # 3117 | Branch NMLS # 819501
Individual NMLS # 377217 NV #46175
0 votes Thank Flag Link Thu Jan 30, 2014
Should not be a problem-
If it is - check out alternative options in regards to conducting a lease option to purchase on any home of your choice, locking it in at today's prices while waiting for that credit score to get up past the proper threshold.

see the videos in the link- particularly the lease with option to buy video

Web Reference:
0 votes Thank Flag Link Tue Aug 20, 2013
That $50,000 down is quite a nice start, but kind of monthly payments can you afford.

David Cooper Foreclosure Specialsit with 35 Years Investment Experience. Receive a FREE List Daily of Low-Priced, Bargain Homes in Good Areas with Great Cash Flow..GO TO website or Call +1-702-499-7037
0 votes Thank Flag Link Sat Aug 20, 2011
there are so many variables to this question. Get with a couple lenders and see what they have to see what is available for you.

Penny O'Brien with Simply Vegas

0 votes Thank Flag Link Fri Aug 19, 2011
I have an amazing lender who can answer all your questions. There are current program out there that fit your needs and the lender I work with can direct you to the best one for you. I can help you find the property that meets your needs!
Please contact me at 702-326-4594 or

Thank you
0 votes Thank Flag Link Fri Aug 19, 2011
Hi Barbielyn

Yes you can buy a home with 50k down and a 610 score.
How big a house are you looking for?
2 things come to mind before you start your search:
1) You might want to think about trying to improve your credit score above 620… A10 point improvement is not very difficult to achive.
With that 620 score can save you on the interest rate. A good mortgage broker can pull your credit and advise you on how to improve your score.
2) With 20% down, you can do a conventional loan and avoid Mortgage Insurance.
My recommendation would be to speak with a good lender to get pre-approved so that you know what you can afford, and then keep within your monthly budget for your payments.
I have several outstanding mortgage brokers that I work with.
Please contact me and we can start the process.

Rick Ream - Realtor ®
Coldwell Banker, Wardley Real Estate
7670 W. Lake Mead Blvd #100
Las Vegas, NV 89128
0 votes Thank Flag Link Fri Aug 19, 2011
The question isn't whether you can buy a home as much as how much home are you trying to buy? Nice condos are available at $50,000, but if you want a 5 bedroom 5000 sf home you will have a problem. So besides seeing a lender (see the answers below or I can recommend one), you need to be sure how much home you need. You might even consider using the $50,000 to pay down some debt and up your credit score. There is more to think about than just jumping into a purchase if you want to be smart about it.
0 votes Thank Flag Link Fri Aug 19, 2011
You look fine for a home, but that low score means the rates will not be all that great!
0 votes Thank Flag Link Fri Aug 19, 2011
Hello Barbielyn, I have been working with Tim Deibert, All Western Mortgage, for over 15 years. His number is 702 369-0905 and e-mail Tim is a mortgage broker and has many lending sources which will result in your getting a competitive interest rate and terms, coupled with the best level of service in the business.

Once you & your lender determine your comfort level price wise, please fell free to call me to discuss the different Las Vegas and Henderson NV neighborhoods to assess which would be the best fit for your lifestyle. I have been a Vegas resident since 1972 and am familiar with the different areas.

I look forward to hearing from you.

Warm Regards,

June Stark
702 376-5220

Elite Realty
0 votes Thank Flag Link Fri Aug 19, 2011
You can definitely buy something with this credit score, but remember you are making a big purchase and a fruction in interest rate will make a difference in your total payments over the years. With a score over 620 your rate will be better, so just increase your score a little bit, sometimes you can increase it by 25 points just by opening another credit card. Play with scenarios in your credit score provider account to see how your score will change if you do this or that.. I can send you a link to a good website for that if you want.
Don't rush into buying something if 1-2 months can change your credit score and thus your loan costs.

Yulia Shmatkova
0 votes Thank Flag Link Fri Aug 19, 2011

I am the broker / owner of Lone Mortgage located here in Las Vegas. We require 10% down payment if your credit score is between 580-620. So, I can definitely help you with your financing.

Give me a call at 702-277-1500 when you have a moment so we can go over your scenario and I can get you pre-approved.

Interest rates are down to 4.0% on a 30 year fixed mortgage!!!

I look forward to working with you.

Steve Lone
Broker / Owner
Lone Mortgage
1601 S Rainbow Blvd # 100
Las Vegas, NV 89146
702-277-1500 direct
Web Reference:
0 votes Thank Flag Link Thu Aug 18, 2011
Hi Barbielyn,

I'd highly recommend you Robert Coomer with JFK Financial, Inc. (local inhouse lender) who is very
creative with certain loans and and been handling financial transaction itself (successfuly)!
Here is his info below and if anything else needed, I'd be happy to assist you in finding LV properties!

Robert B. Coomer
Vice President of Retail Lending
NMLS ID 179395

JFK Financial Inc.
NMLS # 6540
8985 S. Eastern Ave. Ste. 325
Las Vegas, NV‎ 89123
O: (800) 409-5085
C: 702-375-1317
F: 702.938-8646

CELL: 702-241-6110
0 votes Thank Flag Link Thu Aug 18, 2011
Of course! Let me set you up with a lender. It will be at no cost to you! He will give you the exact amount you are qualified to purchase. Call me at (702) 582-9750 or e-mail me at
I look forward to helping you with any of your real estate needs now or in the future.
0 votes Thank Flag Link Thu Aug 18, 2011
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2014 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer