Asked by Gail Herrera-Coles, Philadelphia, PA • Sun Nov 11, 2012
I can't believe how easy it is to get a car loan of $50,000 but a home loan on $70,000 is impossible for someone with a low credit score of 523.( i lost my job n 2008 hence the low score) Is there hope for me to find a lender that will take a risk and approve a loan for this amount. I currently live and work in NYC and plan on moving to Philadelphia within 6 months. I found a steal of a home being offered for $70,000 by an elderly couple trying to leave the winter behind for sunny Florida .I work 2 jobs, making $50,000 a year.
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