Financing in South Beloit>Question Details

Amanda Robbi…, Home Buyer in South Beloit, IL

I have a credit score of 607 can i get approved for an FHA loan now? Everyone I have spoken to tells me I have to wait till it goes up to get a loan.

Asked by Amanda Robbins, South Beloit, IL Tue Jan 22, 2013

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2
Amanada,

You may be able to find someone that can approve you, but the rates are higher if your score is below 640.

Also, they look at the line items and if you have judgements and/or collections, they may need to be paid off.

Make sure that you can readily afford the payment easily along with payments on your other debts.

Good luck,

Fred
0 votes Thank Flag Link Tue Jan 22, 2013
Hi Amanda:

I may be able to help you with your loan. We work with lenders that will go down to a 580 score. Please call or email to get started .

Best regards,


Patty Harrison
Smart Mortgage Centers
630-478-2684
patty@smarmtgs.net / http://www.smartmortgageinc.com
0 votes Thank Flag Link Tue Jan 22, 2013
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