Is it possible at age 64 with a credit score of 614 to get a house? I have no down payment money available.

Asked by Carol Lodge, 19154 Sat Feb 2, 2013

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5
Andre Keith…, Agent, Philadelphia, PA
Sat Feb 2, 2013
Yes. Please call me at 267-249-6645. I will tell you what to do. Andre Robinson Disston Realty http://www.andrerobinson.com
0 votes
Michael Solo…, Agent, Huntingdon Valley, PA
Sat Feb 2, 2013
You will need a minimum. Of 3.5% down unless you are a veteran
0 votes
Aaron Oseroff, Agent, Kensington, CA
Sat Feb 2, 2013
Carol,
The mortgage companys and banks are now requiring credit scores of 660 or better. With FHA you can put down 3-5 %, and there are programs that will assist you with money for closeing costs, and the seller may assist with a percentage of the sale price. We have helped alot of people with "bad" or defficient credit get into a house. Call us 215-426-9477-Philly1st R.E
0 votes
can i get a usa mortgage for a uk property? please contact me on sallykenton@gmail.com
Flag Sat Feb 2, 2013
Sunny Payne, Agent, Philadelphia, PA
Sat Feb 2, 2013
Carol,

It would be tough to do with no cash available but, if you can answer a few questions perhaps I can come up with a better answer.

Are you employed? Annual salary/income? Disabled? Dependents? How much are you currently paying for rent? Do you have money available from any source, family, friends, employer, for a 3.5% down payment?

I look forward to hearing from you.

Sunny
0 votes
work part time, social security disability, 1 son aged 26 living with me for the time being, $650/rent plus utilities. No I have no money sources that could help me.
Flag Sat Feb 2, 2013
Michael Cheng, Agent, San Jose, CA
Sat Feb 2, 2013
Carol,

Unfortunately, it's extremely unlikely at this point. With today's tight underwriting standards, you would need a good income, credit scores above 640 and a minimum downpayment of 5% to have any chance at approval.
Web Reference:  http://www.archershomes.com
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