Home Buying in Hazleton>Question Details

Mkokinda, Home Buyer in Hazleton, PA

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

Asked by Mkokinda, Hazleton, PA Mon Jun 22, 2009

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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.
1 vote Thank Flag Link Mon Jun 22, 2009
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.
1 vote Thank Flag Link Mon Jun 22, 2009
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