Is it possible to get a financing for $135,000 with about 6% down w/bad credit?

Ashley
Home Buyer
20748

Answers (2)
Lanre Folayan
Agent
20721

It depends. I know a lender who does loan for people with a 500 credit score. Please feel free to contact me so that I can provide you with the name and number of this lender. Good luck to you.


Lanre Folayan
Real Estate Professional
Exit Premier Realty
9701 Apollo Drive
Suite 101
Upper Marlboro,MD 20774
(202) 378-0283 (Direct)
(301) 560-6700 x1154 (Office) http://www.GetDCSold.com

Wed Oct 7 2009, 16:15
Luke Allison
Mortgage Broker
or Lender

Asheville, NC
FIRST ANSWER

Describe "bad." You have a good down payment and if your income is strong enough, you could very well qualify for an FHA loan. I just qualified a 497 score so I guess anything is possible. Everything is specific to you as an individual though. We do not require a minimum credit score to qualify an FHA loan so if you need some assistance, please feel free to contact me.

Luke Allison
Bank of America Home Loans
828-777-8828
luke.allison@bankofamerica.com

Tue Oct 6 2009, 16:22

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