Home Buying in Los Angeles>Question Details

Mariagt68, Home Buyer in Los Angeles, CA

Hello, I have a 596 credit score and would like to know if I qualify for a home or for a FHA LOAN

Asked by Mariagt68, Los Angeles, CA Tue Jul 22, 2014

Hello, I have a 596 credit score. I have never purchased a home and I have been renting for 20yrs, and was interested in purchasing the house that I've been renting. My sister in law owns the house that I am currently renting and I just need some more information and advise on what steps to take next. Thank you

Help the community by answering this question:


I lend down to a 530 credit score on FHA loans. So, we might have an option for you. Let's discuss your loan scenario in more detail. Contact me at 800 315 8803. My name is Bart and I have been offering loans since 1987. I am happy to answer your mortgage questions, 7 days a week and review your loan scenario. Until then, I look forward to hearing from you.

Bart Gabe - Lending Nationwide Since 1987

800 315 8803


0 votes Thank Flag Link Sun Jul 27, 2014
Wells Fargo should do this loan with 5% down. Or do seller financing...
0 votes Thank Flag Link Sun Jul 27, 2014

I would bet that you qualify for an FHA loan. Have you talked to a lender yet? I can give you the name of one I really trust and she is quick to reply with any questions.

If you need any more help or want to start looking, give me a call! I work exclusively with tenants who are making the switch to home buying! It's so exciting!!!
0 votes Thank Flag Link Wed Jul 23, 2014
Hi Maria,

Yes, you can qualify for an FHA loan with a 596 score. Of course there are other factors such as stability of income, debt-to-income ratio, etc.

Please feel free to give me a call to discuss your options.

Best wishes,

Elva A. Wormley
Mortgage Consultant
Office (408) 615-8500
32+ Years Experience
C2 Financial Corporation
2845 Moorpark Avenue, Suite 209
San Jose, CA 95128
NMLS #331981 / BRE #01274093
0 votes Thank Flag Link Tue Jul 22, 2014
You best bet would be to speak to a mortgage lender professional. A mortgage broker might be your best bet since you credit score is a little lower then 600.

If they cannot help you with a loan at this time, they should be able to council you on ways to improve your score so a home loan is attainable.

google...."mortgage lenders in (your zip code) or "mortgage brokers in (your zip code)"
0 votes Thank Flag Link Tue Jul 22, 2014
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