Home Buying in Tiffin>Question Details

Ash, Other/Just Looking in Tiffin, OH

Are there any lenders that will give a home loan for first time home buyer with lower credit score?

Asked by Ash, Tiffin, OH Wed Jan 25, 2012

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Go to your local non profit housing group for credit counseling. The counselor will go over your credit report with you. They will tell you what you are doing wrong and what you should be doing. Listen to them and when your score is 640+ you can think of buying.
0 votes Thank Flag Link Thu Jan 26, 2012
Just depends by what you mean by low? What is your middle credit score? Also, how is your income and rental history? Any assets/cash for down payment? There are several variables that are taken into consideration when you apply for a mortgage. You can read more about it here: http://www.trulia.com/blog/elliott_r_oliva/2011/12/pre-apppr…
0 votes Thank Flag Link Thu Jan 26, 2012
Ash how low we talkin here?there is hope
0 votes Thank Flag Link Thu Jan 26, 2012
Hi Ash,

There are lenders that will go as low as 560 on FHA loans.

I suggest you speak with a local mortgage broker about your situation.

Best regards,

Elva Wormley
C2 Financial Corporation
0 votes Thank Flag Link Wed Jan 25, 2012
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