Financing in Memphis>Question Details

Kelly, Other/Just Looking in Memphis, TN

my credit score is 506

Asked by Kelly, Memphis, TN Thu Jun 18, 2009

my credit score is 506 i've been at my job for over 3 years. how hard will it be for me to get a home loan around or about 65,000? also i would be a 1st time buyer? is there any hope foe me?

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in this market you need a 620 although there are somelenders who can do a 580-585. This with an FHA loan with 3.5% down payment. For a conventional loan you will need a 720.
0 votes Thank Flag Link Thu Jun 18, 2009
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