Is there any lender(s) who can do the mrtgage loans to bad credit scores below 600 in california? Reason of bad score is only the economic slowdown.

Asked by Cosmokanai, Gardena, CA Sun May 26, 2013

Can do 50% down and show the good income & assets.

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Answers

5
lendersnetwo…, Agent, Plano, TX
Thu Oct 31, 2013
Yes. 580 credit score for FHA and VA can be found in CA and nationwide really, I can refer you to a lender..
1 vote
Brian.young, Home Buyer, Rockford, IL
Mon Dec 28, 2015
Licensned in 43 states not just Illinois, I work for a direct lender in the mortgage industry who offers conventional, FHA VA, and USDA loans. Are lowest score we accept for government loans are 550 when most lenders require a 620 and brokers a 580. You have to have two years of income with a score over 550 with bankruptcies discharge date 2 years and over. We have basic guidelines and a pretty easy process. Feel free to text me or call me anytime up to 10:00pm Eastern with any questions.
Brian Young 214-797-3479
0 votes
Ryan Dalton, Mortgage Broker Or Lender, Columbus, OH
Tue Jul 9, 2013
Most lenders nationally will want you to have a FICO of 620 or higher. While there are programs available that go down to 580. You are more than welcome to contact me through my profile and I will be glad to assist anyway I can.

Another suggestion you may want to look into is a credit union or portfolio lender where they essentially make their own credit guidlines.

Hope this helps!
0 votes
Vicki Gessler, Agent, Katy, TX
Wed Jun 12, 2013
I have a program that will purchase the home for you & you lease it from them until you are ready to purchase it on your own. you can contact me for additional info.
832-492-0700
0 votes
Christina Ha…, Other Pro, Morristown, TN
Tue May 28, 2013
You may want to speak to a broker. But many lenders now days are requiring scores of 620 and or greater. If you would like help correcting your credit, please contact me. We help folks like yourself get qualified in as little as 6 months.

Have a great day;

Christina Solorzano;
CEO & SR Credit & Mortgage Consultant of
Everlasting Credit Repair
Making home ownership more than a dream...
Retired Mortgage Banker
http://www.everlastingcredit.com
0 votes
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