Home Buying in Dearborn>Question Details

sami-salameh, Home Buyer in Dearborn, MI

Credit score 596, need home loan

Asked by sami-salameh, Dearborn, MI Tue Mar 26, 2013

I work full time with an income of $48,000 however my credit score is 596 with trans union. It is low because a student loan is keeping me down however my family and I desperately need to buy a house as renting is not working out anymore. I want to stay in West Dearborn because it is much cleaner and safer.

Help the community by answering this question:


FHA really isn't credit score driven, it's the Banks and Lenders that set those score requirements. There are a few lenders that go down to 580 with FHA, I personally have closed on several homes with clients around and under 600. I recommend all my clients that have credit issues to check with The Lenders Network, check them out. If anyone can get you approved they can!
1 vote Thank Flag Link Tue Jul 16, 2013
my credit scores are 630 572 518 can i still buy s
a house
0 votes Thank Flag Link Sat May 25, 2013
my credit scores are 574 572 519 mostly medical bills can i still buy a house
0 votes Thank Flag Link Sat May 25, 2013
We offer a 10% down program with a 580 FICO. 5% down with a 600 FICO. Contact me for more details.
0 votes Thank Flag Link Tue Apr 2, 2013
i have around 600 credit score and 25% down but no work at this time but still have income from my parent average 1500 monthly. so is it possible to find a leander?
Flag Sun Dec 29, 2013
what about income?
Flag Sun Dec 29, 2013
I'd be happy to take a look at your situation and provide you with solid solutions. I am a credit coaching expert, there are often times quick, simple fixes.
0 votes Thank Flag Link Tue Mar 26, 2013
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