I DON'T HAVE GREAT CREDIT AND NEITHER DOES MY HUSBAND, CAN WE STILL QUALIFY TO BUY A HOUSE

Mkokinda
Mkokinda
Home Buyer
Hazleton, PA

Mon Jun 22 2009, 11:41 - Home Buying in Hazleton - 2 answers
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Sharon Rosborou...
Sharon Rosborou...
Agent
Harvey, LA

Basically, you need a credit score of 620 or higher and your income to debt ratio must be in correct proportion. Example is $1000 income and $600 in bills would not you you a loan.

Mon Jun 22 2009, 13:21
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Dana Schuster
Dana Schuster
Agent
70461
FIRST ANSWER

in this market you need a minimum 620 for an FHA with 3.5% down although some lenders can do a 580-585. For a conventional with 10-20% down you need a 720.

Mon Jun 22 2009, 12:00
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