If I'm a first time home buyer and have under 600 credit score, but have 20% down, can I still qualify for a home with low interest rates?

Asked by Carolina Reza, El Paso, TX Thu May 22, 2014

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David James, Other Pro, Bakersfield, CA
Thu May 22, 2014
Yes. Technically the minimum credit score for an FHA loan is 580. Lenders however set their own score requirement, usually between 620-640. There are still lenders that can work with your score now. The Lenders Network is partnered with many of the reputable lenders that still accept lower scores.
2 votes
, ,
Wed Nov 19, 2014
I can lend down to a 580 credit score. Since we are a federal direct national lender that took no bail out money we can get the best rates. I am a mortgage banker not a BROKER. Please contact me if you would like assistance!

0 votes
Raul Becerra…, Agent, El Paso, TX
Tue Nov 18, 2014
Hi Carolina

If your still looking to buy a home. I can help you out, I work with a lender that can do 500 FICO VA/FHA, Stated Income loans and a variety of other loans. Call me or email me to get you in contact with the lender.

My name is Raul 915.996.2229 and email: raul@epbuyandsell.com

Also you can contact me Via profile. Thanks! Hope I was able to help you out.
0 votes
Vino Alonzo, , San Antonio, TX
Thu May 29, 2014
Hi Carolina,

I can offer you FHA financing with a 580 credit score or higher. If your score is below 580, I might be able to help you increase it, depending on your credit history.

If we can manage to get your score to 620 or above, we can eliminate mortgage insurance which will greatly reduce your monthly payment.

I am a licensed loan originator in Texas and I can help you purchase a home in El Paso.

Feel free to contact me at your convenience.

Vino Alonzo, Loan Officer
NMLS# 184279
First Cal Mortgage
0 votes
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