Home Buying in Fort Worth>Question Details

raneighbors, Home Buyer in Fort Worth, TX

Can I get a loan with a 525 mid score for a 40,000 home in fort worth?

Asked by raneighbors, Fort Worth, TX Fri Mar 22, 2013

Help the community by answering this question:


John Reaves’ answer
Sorry, but your chances are pretty slim.

Most lenders won't touch you with a credit score under 640. That is the minimum score need to qualify for an FHA loan. The ones that will, usually require a credit score of 580. Also, it is going to be very difficult to find a lender that is willing to do a loan for under $50,000.00.

John Reaves
Keller Williams Realty
817-789-5542 (cell)
0 votes Thank Flag Link Fri Mar 22, 2013
Search Advice
Ask our community a question
Email me when…

Learn more

Copyright © 2015 Trulia, Inc. All rights reserved.   |  
Have a question? Visit our Help Center to find the answer