Home Buying in Beeville>Question Details

Leticia74, Other/Just Looking in Beeville, TX

would i be able to get a home loan with a score of 576?

Asked by Leticia74, Beeville, TX Mon Apr 20, 2009

thinking about buying a home.

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3
Sean Dawes’ answer
Is there any way for you to increase your credit? Pay down the highest interest credit cards first if you have them or consolidate debt to lower rates so it doesn't keep adding up?



Sean Dawes
Long and Foster Real Estate Inc.
Web Reference: http://www.SeanDawes.com
0 votes Thank Flag Link Mon Apr 20, 2009
Leticia
Buying in Beeville, you may qualify for USDA which requires a 580 score I believe.
FHA requires a 620.
http://dallasloanguy.com/docs/about_credit.pdf
Here is a link to a free book about credit. Read it!!
Then you need to get with a loan officer who understand credit scoring real well.... you may be able to tweak a couple of things really fast and get those scores up!!

Tom Burris
DallasLoanGuy.com
214-763-4629
0 votes Thank Flag Link Mon Apr 20, 2009
The minimum required in this market is 620 for an FHA with 3.5% down. You will also need a 2 year work history ,an acceptable debt to income ratio and sufficient income to meet the monthly note plus taxes & insurance.
0 votes Thank Flag Link Mon Apr 20, 2009
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