Home Buying in Osceola>Question Details

Babyboysmama…, Home Buyer in Osceola, IA

I have a credit score of about 538. Could I get a home loan for no more than 65k and if so who can i contact about it??

Asked by Babyboysmama23, Osceola, IA Sat Aug 21, 2010

My family and I are wanting to buy a home for no more than 65k. I have an income of $2,400 a month and my husband has about $3,000 a month. I have a credit score of about 538 and his is 450 I think. Can we get a home loan with our credits here in Osceola, Iowa?? If so, what do we have to do or contact to get a home loan for 65k ASAP

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2
Matt is right, it will be difficult with a credit score under 620. You could try a lease with an option to buy later when your credit has improved. Maybe even seller financing.

Good Luck!

Chris Blasic
Realty World
0 votes Thank Flag Link Sat Aug 21, 2010
Unfortunately you're going to need credit scores over 600. Not knowing your situation I'd say your best bet right now would be to work on improving your credit scores. A good credit counselor could help.
0 votes Thank Flag Link Sat Aug 21, 2010
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