Need help fast. I have found my dream home for only $50,000. low credit score. Is there any hope for me?

Asked by Skn1972, Dekalb, IL Tue Jul 24, 2012

My credit score is 574. I'm losing faith fast. What options do I have? Someone else is also interested in this home but needs a cosigner. I have a steady job and my credit score has been steadily rising. I'm a firsttime homebuyer and I don't know what to do. Please help!!!

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Jay Ruhm, Agent, Schaumburg, IL
Tue Jul 24, 2012
There may be programs out there for you, depending on how much you have as a down payment.

The best advice I can give is to go see a local mortgage professional - preferably 2-3, since all banks have different loan standards.

Good Luck!
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