Can I Buy A House With A 650 Credit Score All Locations : Advice

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Genevieve Ra…, Real Estate Pro in Punta Gorda, FL
Genevieve Ramachandran answered:
i have close to 650 in credit score,and i made a bankruptcy three years ago.can i buy a house?thank you. ...
Yes, It definitely seems like a possiblity. However consult a mortgage professional to give you a better answer. A lot of thins to go through.
Good Luck!
0 votes Share Flag Mon Oct 17, 2011 Home Buying in 33018
Akop Balayan, Real Estate Pro in OJai, CA
Akop Balayan answered:
My credit is not so good. I have never been evicted or had anything reposessed. Is it the credit score and ...
Hi Denise,

Your credit score is essentially your credit report converted into a number. It's a way to standardize everyone's credit worthiness so that lenders are a ... more
0 votes Share Flag Mon Jan 24, 2011 Rentals in Zion
Scott Butcher, Other/Just Looking in Austin, TX
Scott Butcher answered:
With 10% unemployment, foreclosures everywhere ,thousands of short sales and millions of credit scores cr ...
I think the answer is still to be determined. From the lending perspective, credit has definately tightened and much more underwriting scrutiny has come into play. For example, previo ... more
0 votes Share Flag Mon Dec 13, 2010 Home Buying in 34952
jo,  in Hollywood Hills, Los...
jo answered:
I know B of A and Wells Fargo have 600 minimums on credit scores, but are there any other banks or mortgage ...
We are real estate agents, not loan brokers. Try calling a few banks in your area and talk to the loan agent in the branch.

Hope this helps and good luck :)
0 votes Share Flag Tue Sep 28, 2010 Home Buying in California
Adalberto Ar…, Real Estate Pro in MCALLEN, TX
Adalberto Arguelles answered:
i want to buy a second property as an investment should i buy it then live in it and rent out my existing ...
I suggest you get a specialist in investments, but your are going in the write direction. My point of view is that you buy the new house under you, your wife or both, (the lender should ... more
0 votes Share Flag Tue Sep 21, 2010 Financing in Indio
Larry Story, Real Estate Pro in Greensboro, NC
Larry Story answered:
i own a home and try to sell to a person but he hasn't made a payment in 10 months what can I do ...
Outwestdave,

So are you doing owner financing? If so hopefully you had an attorney draw up your purchase agreement and the mortgage documents. If he had not made a payment in 10 mo ... more
0 votes Share Flag Sat Sep 18, 2010 Home Selling in Archdale
Dp2, Other/Just Looking in Virginia
Dp2 answered:
Can I get a loan in ca with a 550 fico?
You might want to consider doing a lease-option.
0 votes Share Flag Sun Aug 29, 2010 Financing in California
Dan Tabit, Real Estate Pro in Issaquah, WA
Dan Tabit answered:
I have a credit score of 671 as of 08/28/2010. My annual income is about $61,000 a year. I have a bankruptc ...
Man,
Last I checked most lenders will require 2 years of re-established credit after a BK is finalized. Your best bet would be to meet with a local mortgage broker who has a full arr ... more
0 votes Share Flag Tue Feb 4, 2014 Financing in 61201
Anna M Brocco, Real Estate Pro in Williston Park, NY
Anna M Brocco answered:
Should I try to sell my condo without a Realtor?
To sell on your own or with an agent is a decision only you can make, however do consider--your house is your home. Emotions are homebound---selling your house is a business transaction ... more
0 votes Share Flag Fri Dec 21, 2012 Home Selling in 60618
Anna M Brocco, Real Estate Pro in Williston Park, NY
Anna M Brocco answered:
Want to buy a 3000 sqft home in Palo Alto. Should I wait until next year?
To buy now or wait is a decision only you can make based on your finances, wants, needs, lifestyle, etc.; as for the waiting--unfortunately, none of us can answer with accuracy as none ... more
0 votes Share Flag Wed Sep 15, 2010 Home Buying in Palo Alto
Jane Grant, Real Estate Pro in Aguanga, CA
Jane Grant answered:
what credit score do I need to buy a house. My median score is 610 high is 650.. low 550. What can I do to i ...
Smitty:
The closer your credit score is to 700 the better your interest rate will be and the easier it will be for your loan to go through underwriting.

- Make your payments on yo ... more
0 votes Share Flag Fri Aug 3, 2012 Home Buying in 19151
Don Tepper, Real Estate Pro in Burke, VA
Don Tepper answered:
i have 587 score and 2years 8months foreclosure can i buy a house ?
Not yet. At least not conventionally.

Work on raising your credit score some more.

Good luck.
0 votes Share Flag Mon Aug 16, 2010 Home Buying in Houston County
Glen Mitchell, Real Estate Pro in Half Moon Bay, CA
Glen Mitchell answered:
Have to refinance b/c of divorce, but I'm upside down on this house
You sound like you might be a good candidate for the making home affordable program. http://makinghomeaffordable.gov/

It's not a quick process, but you have a hardship. Loo ... more
0 votes Share Flag Thu Aug 15, 2013 Financing in Sacramento
Rich Homer, Real Estate Pro in NAPLES, FL
Rich Homer answered:
Am I entitled to keep my buyers deposit, who went for a mortgage in bad faith?
Minie,

Depends on what the legal language is in the original Agreement and subsequent extension. He has until the extension date you granted to notify you (usually in writing) that h ... more
0 votes Share Flag Wed Jul 28, 2010 Home Selling in Manhasset
Peter Kedzior, Real Estate Pro in Elk Grove Village, IL
Peter Kedzior answered:
My husband and I are interested in buying a home but don't have good credit. We both have very good ...
If you are first time home buyers, you may qualify for a FHA (government sponsored) loan. I believe they accept even FICO below 650. Please contact a mortgage broker who has FHA certifi ... more
0 votes Share Flag Fri Jul 16, 2010 Home Buying in Dundee
Heather Peck, Home Owner in Las Vegas, NV
Heather Peck answered:
Looking for a house or condo in 89052
If you're a first time buyer, then buy a house to live in not rent out. If you plan to eventually rent it out, people always would rather rent a house than a condo.

Also financ ... more
0 votes Share Flag Mon Apr 15, 2013 Home Buying in 89052
Dp2, Other/Just Looking in Virginia
Dp2 answered:
We just filed Chapter 7 in May 2010. Will it be remotely possible to purchase a house by October 2010? If ...
Although it's possible, you definitely won't be able to do it with conventional or FHA financing.
0 votes Share Flag Sun May 30, 2010 Financing in Dallas
Sandra Paulow, Real Estate Pro in Pinetop, AZ
Sandra Paulow answered:
My house was forclosed on one year ago this month. Could I get approved for a loan to buy a cheap forclosur ...
You would have to contact a lender to see. My guess is probably not but your score is still not bad. It would depend on the circumstances that caused you to lose your home. Talk to a ... more
0 votes Share Flag Wed Oct 13, 2010 Home Buying in 85323
Richard Murp…, Real Estate Pro in Eureka, CA
Richard Murphy answered:
What about foreclosure?
Have you thought about Owner Financing, Lease with Option to Purchase, you could lock in a price with a Lease w/Option then find a lender with the time of the lease, lets say two years, ... more
0 votes Share Flag Mon Apr 19, 2010 Financing in Stockton
Emelia Sanch…,  in Ontario, CA
Emelia Sanchez answered:
Should we shortsale to be able to downsize our mortgage?
Hello Blueeydqut,

There is a new FHA refi program that you may qualify for which will bring your interest rate down making your home more affordable.

To qualify to purchase anothe ... more
0 votes Share Flag Wed Apr 14, 2010 Home Selling in 23112
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