Financing in Colorado>Question Details

Cheryl Bryant, Home Buyer in Denver, CO

Can I apply for a FHA loan if I have the 20 percent down payment, although I have a low credit score?

Asked by Cheryl Bryant, Denver, CO Mon Jan 19, 2009

Late payments in my credit history. I have been able to maintain for the last few months. My loan officer feels that I should be in a favorable position by Oct. of 2009.

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Cheryl, Dana is right, here is the gov. site where you can see all the current gov. loan programs including FHA . It would be worth taking a look IMHO just to see what's available and how they work. You can answer a few questions on the site to see what you might be eligible for....

http://www.govloans.gov/govloans_en.portal?_nfpb=true&_p…

Good luck, Dunes
0 votes Thank Flag Link Mon Jan 19, 2009
With Fha the credit score does not come into play & the down payment is only 3.5% I suggest you consult with a local mortgage broker because a 20% down paqyment will get you a long ways in term of financing.
0 votes Thank Flag Link Mon Jan 19, 2009
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