Home Buying in Milwaukee>Question Details

anc228, Home Buyer in Milwaukee County, WI

Will I qualify for a home loan with my score being 616?

Asked by anc228, Milwaukee County, WI Fri Aug 9, 2013

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We are able to consider financing a home down to a 580 middle credit score. Please contact me if you would like to discuss your situation further.

Sincerely,
Mandy Fritsche, Prospect Mortgage, Mortgage Loan Officer, NMLS# 557211
262-327-5700 Cell, 877-868-9198 Fax, mandy.fritsche@prospectmtg.com
http://www.MyProspectMortgage.com/mfritsche
0 votes Thank Flag Link Sun Aug 11, 2013
Many lenders here are informing us (agents) that they can now do loans to buyers with 580 FICO scores. I do not have the particulars yet, but speak with a couple of lenders in your area and ask specifically about these programs. This is a big change.
0 votes Thank Flag Link Fri Aug 9, 2013
there are also credit reporting agencies that can tell you what to do to increase your scores. I've seen scores increase up to 80 points by paying down debts to a specified dollar amount. Sheryl - both a Real Estate Broker & Loan Originator. Call for help. 414-476-9972
0 votes Thank Flag Link Fri Aug 9, 2013
There are some programs out there, but you're better off getting that up to about 620 or so.
0 votes Thank Flag Link Fri Aug 9, 2013
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