Every lender is different, but getting a loan is NOT just based on a credit score. They base it on income, debt, years on the job, etc.
You should sit down with a lender an ... more
Provided that you have sufficient income to cover your monthly debts the answer is yes. You will need also a minimum downpayment.
Give me a call to discuss
Similar guidelines are used in leasing a home as leasing an apartment. The owner will want to see a copy of your credit report. If you don't have a good credit score, ... more
From everything you state, it sounds like you are very close to qualifying for a mortgage. The only thing that may possibly hold you back is your credit score. Most lenders re ... more
With a recently discharged bankruptcy you will most likely be unable to obtain a mortgage at this time. Depending on the type of loan the wait period is 2 or more years after ... more
I recommend getting your credit issues resolved before you begin negotiating for or even looking at homes. I don't really understand how there's revolving debt tha ... more
You best bet would be to discuss this issue with your attorney. They can give you the best advice.
Karen Paytas, GRI, CMS
Real Living Kee Realty
Good Evening!! Most lenders are requiring a minimum of 620 credit score for a FHA mortgage regardless of the purchase price of the home. If you need the assistance of a buy ... more
To answer your question, no a 608 credit score is not high enough to get a mortgage. You are close to qualifying for an FHA loan. Most lenders are going to require a minimum 6 ... more
Most properties that are listed for rent will most likely require a credit check. That said it will be up to the owner/landlord to make the final decision. It is not entirely ... more
Conventional financing after a BK is typically 2-3 years from discharge date. You'll need reestablished credit, so good job with the car loan, but consider getting a secured ... more
The best thing for you to do is get advice from a reputable mortgage person or bank. Work on a plan to get you to where you need to be and follow it!
If you have the cash to buy, no one cares about your credit.
If you need to borrow even a small portion of the amount, it could be a problem.
Your not alone. I don't know where you went to try and get approved but theyt may be telling you the truth, I can't say without knowing your situation. I do ... more
Also you want to look over a credit report and see if there are ... more