Jared & Amy, Home Buyer in 75103

Any suggestions for Texas Loans with a credit score of 600?

Asked by Jared & Amy, 75103 Tue May 4, 2010

My fiance and I are looking for a Texas Loan with a credit score of 600. We're wanting to buy in Canton, TX. We also only want our monthly payments around $500 with $500 down and a fixed rate. Any suggestions?

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The Mortgage…, , Texas
Sat Feb 12, 2011
I can help. The first step is to review your credit and get a few additional points. Then we need to investigate your debt to income . It sounds like you are being quite consevative. I have great real estate agents that can guide you to many homes that will fit your budget. My bemail is ray@wirth.net.
0 votes
Lorie Barton, Agent, Canton, TX
Fri Feb 11, 2011
Canton qualifies for USDA loans. Which means 100% financing.

Lender requires credit score of 620 or better. With a score of 600 and some repair, possible

Lorie Barton, REALTOR
Canton, TX
0 votes
Dallas Texas, Agent, Dallas, TN
Tue May 4, 2010
$500 down - impossible lenders require 3.5% or more downpayment

$500 mortgage best work with a local bank more than likely a home less than $50K

600 credit score - lenders require 620 or more score reduce your debt and your scores will increase AND pay your bills on time

Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
Web Reference:  http://www.lynn911.com
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