Home Buying in 93215>Question Details

destinylopez…, Other/Just Looking in Delano, CA

Can you purchase a home when you dont have perfect credit?

Asked by destinylopez0214, Delano, CA Mon Oct 1, 2012

Help the community by answering this question:


Hello destinylopez0214, you may qualify FHA from fico scores between 500-579 with 10% down or minimum 580 fico score may qualify FHA 3.5% down or as low as .5% half percent down payment program from a minimum 640 fico score up to 417k. You may consider 3% down conventional from a minimum 620 fico score or even 5% down conventional with NO Mortgage insurance (Lender paid MI) up to 417k.

If you figure out what cities/zip codes you are considering, minimum number of bedrooms and the maximum payment you are looking to achieve you can be emailed listings to study and compare. Your fico scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

You will need to be pre-approved if you decide to buy and to be able to meet an agent to view and submit offers on any homes of your choice. Your qualifications will be determined by your credit profile, debt to income ratios, fico scores, loan program and how much you want to invest into the down payment and closing costs.

It only takes a few dozen questions to qualify, go over your options and email you listings to study and compare. Here are some links to study as well as web reference links to many loan program pages offered...

Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
Veteran & VA/CalVet Loan Specialist
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
22+ Years Experience
BRE# 01140252
NMLS# 297251
9am till 5pm by phone Monday thru Saturday, Sundays by appt., EMAIL ANYTIME 24/7
Under640FicoScoreLoans@gmail.com or HomeLoans4U@live.com

If my response was helpful, consider clicking Thank, Link or Best Answer.
0 votes Thank Flag Link Wed Aug 5, 2015
Yes Destiny,

Lending institutions are easing up every month. I have a Great Realtor for your near San Diego

Are you needing assistance?

All the Best John + Sheri Curci RE/MAX
0 votes Thank Flag Link Sun Dec 16, 2012
Yes you can. There are also many ways to quickly boost your score. Feel free to call me if you would like me to go though your credit with you. 858-922-7899.
0 votes Thank Flag Link Tue Oct 2, 2012
The best way to get an answer is to sit down with a local lender and review your situation. It will not cost you anything and the lender will be able to provide you advice on what you need to do to be eligible for a home purchase.
Good luck,
0 votes Thank Flag Link Tue Oct 2, 2012
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