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

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Laura Scaccia, Real Estate Pro in Exeter, NH
Laura Scaccia answered:
We would like to buy our first home, we recently applied for an online loan and got declined. Should w ...
Hi, Polly,

There are several programs that could help you. First - DON'T use an on-line lender! Second - contact a reputable mortgage broker. Depending what towns you are loo ... more
0 votes Share Flag Mon Nov 15, 2010 Home Buying in Manchester
Jay Thompson, Real Estate Pro in Phoenix, AZ
Jay Thompson answered:
Do you feel it is a good time to buy a home?
Depends on a multitude of factors. It's never right to make a blanket statement like "now is a good time to buy". Interest rates are great, prices are down (depending on ... more
0 votes Share Flag Tue Jun 22, 2010 Home Buying in Oro Valley
John Shellin…, Real Estate Pro in Houston Suburban Hei...
John Shellington answered:
I would like to buy a house, but I was discharged from a bankruptcy 16 months ago and my credit score is ...
Ideally for an FHA, the minimum credit score for most investors is now 620. This should be your minimum middle score. You might find that you won't get the best rate until you hit ... more
0 votes Share Flag Sat Oct 9, 2010 Financing in Racine
Bentley Advi…, Real Estate Pro in San Mateo, CA
Bentley Advisors answered:
I'm self-employed, single mom, making $120k annually, credit ranging 690 to 735 among 3 bureaus, ...
Assuming you truly have $120k of documented income, have zero debt and a min qualifying credit score of 700, you might qualify for an $800k+ purch price. With your $200k down, the loan ... more
0 votes Share Flag Wed Jan 6, 2010 Financing in Pasadena
Dorene Slavi…, Real Estate Pro in Culver City, CA
Dorene Slavitz (213) 814-5238 answered:
im interested in becomin a first time home owner
Dear Ms. Boop,
I would recommend that you begin to interview potential agents who work with first-time homebuyers in your area. I can give you a referral if you would like, just send a ... more
0 votes Share Flag Fri Feb 19, 2010 Home Buying in New Orleans
Texas Banker, Real Estate Pro in Houston, TX
Texas Banker answered:
Self employed financing.
Before, looking for a house; first of all know what your credit looks like. This will save you and your realtor ALOT of time and frustration.

If you have some issues you will have ... more
0 votes Share Flag Tue Jan 3, 2012 Financing in Dallas
Joshua Jarvis, Real Estate Pro in Duluth, GA
Joshua Jarvis answered:
What kind of home can an annual salary of $39,000 get me?
Wrong question!

What do you want your monthly payment to be? That's the question. You figure that out, it's very easy to find out what price range should be.

It' ... more
0 votes Share Flag Wed Feb 10, 2010 Home Buying in 30064
Pierre S King…, Real Estate Pro in Brooklyn, NY
Pierre S King (Free Real Estate Tips From The King) answered:
we have a credit score between 525-550. we make about $7400 a month before taxes. we have a debt about $12 ...
Dear Ann7676:

You may not qualify for a home loan: You do meet the income requirement and the Debt to Equity level. But your credit score is low. You will have to begin making your p ... more
0 votes Share Flag Thu Jan 7, 2010 Home Buying in Minneapolis
Elizabeth J.…, Real Estate Pro in Northampton, MA
Elizabeth J. Herbert answered:
what kind of down payment would i need to buy my first house?
Usually it's anywhere from 3% and up. It depends on how much you can afford and for what kind of financing you would qualify. USDA loans are %100 financing but have certain requi ... more
0 votes Share Flag Fri Oct 16, 2009 Financing in Clinton
Carl Henker, Real Estate Pro in 95928
Carl Henker answered:
Is there any stated income program available in San Jose, CA (Bay Area)? I'm looking for one urgently ...
Stated income programs are all in Jurassic Park. You may find private money if you have between 40% and 50% down expect to pay above 10% in interest rates. It is time to start reporti ... more
0 votes Share Flag Fri Jul 25, 2014 Financing in San Jose
Ulli Rieckma…, Real Estate Pro in Los Altos, CA
Ulli Rieckmann-Fechner answered:
Is Now A GOOD Time to buy a HIGH PRICE home ?
Hi Maybuy,

The answer is very simple: yes. Interest is still very low even for jumbo loans and home prices are down. Also, as most higher priced homes take longer to sell, the seller ... more
0 votes Share Flag Tue Mar 13, 2012 Home Buying in 94024
Sean Dawes, Other/Just Looking in Philadelphia, PA
Sean Dawes answered:
iam a first time homebuyer. i have a good credit score and both me and my wife are working. we have 1 child. ...

Great idea posting on here. If you dont get the feedback you are looking for, I suggest you go under the Find a Pro feature in the Advice and Opinions tab to search for an act ... more
0 votes Share Flag Wed Aug 19, 2009 Home Buying in Norwalk
Kevin, Other/Just Looking in Texas City, TX
Kevin answered:
do u have to have at least a credit score of 650 to get the $8,000 tax credit?
its not necessary that you have to have a credit score of 650, if you qualify for the loan and you are a first time home buyer then you can apply for $8,000 tax credit. Also, your i ... more
0 votes Share Flag Sun Oct 3, 2010 Credit Score in New Haven
Allan Nanney, Real Estate Pro in Southern Pines, NC
Allan Nanney answered:
My family and I are starting the process of trying to relocate to North Carolina...not definite on what city ...
Hi Deedee!

I'm biased (a little) having been in North Carolina my whole life, but I think you can't go wrong here in the Pinehurst/Southern Pines area. We are just a few minutes awa ... more
0 votes Share Flag Mon Aug 3, 2009 Moving in North Carolina
Sean Dawes, Other/Just Looking in Philadelphia, PA
Sean Dawes answered:
Quality of Life: Buy or Rent?

If you have debt, this will be lowering your credit score as your credit to debt ratio is one factor in determining the interest rate you could qualify for.

If you quali ... more
0 votes Share Flag Mon Aug 3, 2009 Home Buying in Seal Beach
Chris, Real Estate Pro in Woburn, MA
Chris answered:
we have a builder who has a house sitting on market for a year he has an adjustable rate on his building ...
This is a loaded question, do yourself a favor and contact a Real Estate Law Firm if you are considering this.
0 votes Share Flag Fri Jul 24, 2009 Financing in Charlestown
Sarah, Both Buyer and Seller in Modesto, CA
Sarah answered:
What are Processing fee($725) and underwriting fees(($390) are thes considered Junk fees I can avoid? ...
I just closed on a loan and it had a $650 processing fee. It was a FHA loan.
0 votes Share Flag Sun Jan 10, 2010 Financing in 98685
Warriorcourt, Home Buyer in Los Angeles, CA
Warriorcourt answered:
I'm interested in buying a SFA in Los Angeles with my long-term boyfriend. I have very good credit an ...
TYPO above I meant "SFH"... not "SFA".
0 votes Share Flag Wed Jul 1, 2009 Home Buying in Los Angeles
Susan Donald…, Real Estate Pro in Denver, NC
Susan Donaldson answered:
From New Jersey to Charlotte...First-Time Home Buyers
yes they do look at job history and with certain conditions that apply, it maybe ok. I recomend that you call a lender and get pre-quailfied to see what you can do to help with your mov ... more
0 votes Share Flag Mon Jun 8, 2009 Home Buying in Charlotte
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