Anna Brocco,
Agent, Nassau County, NY
There are other factors besides credit that determine mortgage qualification; therefore visit with any loan officer to see if you qualify. FHA loans require a minimum of 3.5% down; also see link....
http://www.nyhomes.org/AboutUs/SONYMA/
http://www.nyhomes.org/AboutUs/SONYMA/
Lillian Tramantano, GRI Assoc. Brkr,
Broker, Nassau County, NY
There are all types of loans for all types of buyers. There is a good possibility there is a fit for you. You must speak with a reputable Mortgage Representative who can guide you based on personal situation. Do not just assume that you cannot buy a house because of not so great credit. If nothing else you could find out how to go about repairing your credit to get the scores up.
Lillian Tramantano, GRI
Associate Broker
Certified Home Marketing Specialist
516-678-6648
ltramantano@coachrealtors.com
Successfully Marketing & Selling Real Estate For Over 25 Years!
Lillian Tramantano, GRI
Associate Broker
Certified Home Marketing Specialist
516-678-6648
ltramantano@coachrealtors.com
Successfully Marketing & Selling Real Estate For Over 25 Years!
Lydia Green,
Broker, Merrick, NY
It depends. The FHA loan has always been good for people with less than perfect credit but they have recently raised their guidelines. With 3.5% down you can add part of your closing costs to the loan. You need to speak to a mortgage broker who can advise you how to improve credit.
