can you buy a house with bad credit, even though you have good income?

Asked by Kim, Virginia Sat Oct 18, 2008

Help the community by answering this question:

+ web reference
Web reference:


Maria Cipoll…, Agent, Coral Springs, FL
Tue Oct 30, 2012
Depending on your credit score. Minimum credit score requirement depend on which FHA loan product the applicnt needs. Normally, the minimum credit score to get an FHA loan is 580. Your best option will be contacting a mortgage broker that can review all your documents and advice you.

Best of Luck,

Maria Cipollone

Century 21 Tenace
1 vote
Alvin Lapitan, , Virginia Beach, VA
Mon Oct 20, 2008
Hi Kim,

Vicky is right, FHA is the most forgiving option out there. They require a 3.5% down payment. Give me a call and I'll let you know what options you have available. If not now, I'll tell you what we can do to get you into a home in the next 6-12 months!


Alvin Lapitan
Sr. Mortgage Specialist
Cavalier Mortgage Group
Toll Free: 877-534-7420
0 votes
Vicky Chrisn…, Agent, Purcellvile, VA
Sat Oct 18, 2008
Kim - without knowing exactly what you mean by "bad credit" no one can answer your question. FHA is rather forgiving on credit, but even they have their standards. Talk to a local lender who can help you.
0 votes
Scott Godzyk, Agent, Manchester, NH
Sat Oct 18, 2008
You really need to check with a local and trusted mortgage broker, stay away from the internet lenders. If you have 20-30% down you may be able to still get a loan right now. but check with a loan officer as they need to see your credit score anbd finacials to make a real decision. good luck
Web Reference:
0 votes
Debt Free Da…, , 85260
Sat Oct 18, 2008
No. Hard Money loans are not available anymore....
Web Reference:
0 votes
Search Advice
Ask our community a question
Home Buying in Culpeper Zip Codes

Email me when…

Learn more