Home Buying in Petoskey>Question Details

Marjorieann21, Home Buyer in Petoskey, MI

Buying a Forclosure home with a credit score of 562

Asked by Marjorieann21, Petoskey, MI Fri Jul 8, 2011

I have a home I would like to buy but my credit score is 562 the home is around 40,000 and this would be my first home please help

Help the community by answering this question:


I don't think you have any options, other then possibly USDA RD. Email me and I'll connect you to a loan officer that focuses on those.

Email - Derek@DoorToDreams.com
0 votes Thank Flag Link Fri Jul 8, 2011

Most lenders are requiring a credit score of 620 or better. It would depend on why your credit score is low. If it's bad credit, you most likely out of luck. If it's no established credit there are possibilities.

Good Luck,

Karen Paytas, GRI, CMS
Real Living Kee Realty
0 votes Thank Flag Link Fri Jul 8, 2011
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