Home Buying in 20770>Question Details

Tameka Bullo…, Home Buyer in Silver Spring, MD

Credit score below 550, income can support mortgage. Can I purchase a home?

Asked by Tameka Bullock, Silver Spring, MD Sun Nov 17, 2013

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3
HI tameka

you have to contact local mortgage broker not lender to get the loan . most lender can not touch less than 640


good luck


Omar Khamisa
Web Reference: http://msjmortgage.com
0 votes Thank Flag Link Sun Nov 17, 2013
Hello Tameka,

Most lenders will not approve 550 score for a mortgage loan but If you are interested in obtaining one. I can get you in touch with someone that can assist you with the information to improve it, so you could ready to purchase sooner than you might think.
0 votes Thank Flag Link Sun Nov 17, 2013
Unfortunately you cannot get a mortgage with a 550 credit score. I would recommend working with a lender to get your score above 640.
0 votes Thank Flag Link Sun Nov 17, 2013
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