what kind of credit do i need to buy a house that costs between 130-199thousand dollars?

Asked by Lizbella, Lawrenceville, GA Sun Aug 22, 2010

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James Dudley, Agent, Suwanee, GA
Mon Aug 23, 2010

My lenders require a minimum score of 600 to qualify.

We also work with many HUD home foreclosures that you can purchase for $100 down payment.

Give me a call and I can get you in touch with my lender and send you some listings in the Lawrenceville area.

James Dudley
ERA Sunrise Realty
0 votes
Solomon Gree…, Agent, Duluth, GA
Mon Aug 23, 2010
Hi Lizbella,

As you've seen, most lenders are requiring a middle credit score of 620, but I have one lender who will consider a 600. Also be sure to check out the different down payment assistance programs at the link below that may make home ownership even more affordable.

I can provide information on how to check your own credit scores, credit counselors and home buying class information.

Please call if I can help.

Solomon Greene
REALTOR® Keller Williams Realty Atlanta Partners
(678) 775-2677
0 votes
Isabel Elses…, Agent, Alpharetta, GA
Mon Aug 23, 2010

You need a 620 middle score.
I can assist you with raising your score, in addition to asisting you with the home buying process.
Low Low interest rates and down payment available.

Isabel Elsesser, Realtor
Save Time & Money!
First United Realty
0 votes
Elden Alvarez, Mortgage Broker Or Lender, Duluth, GA
Mon Aug 23, 2010
Hello Lizbella

A 620 credit score will qualify you. We have programs available that will can make your down payment very affordable.

Elden Alvarez
Mortgage Banker
Brand Mortgage
Duluth, GA
0 votes
Sameer Punja…, Agent, Vallejo, CA
Mon Aug 23, 2010
620 Fico, 3.5% down, no lates last 12 months.

Make sure your debt to income is less than 43%. Meaning, if you make 3000, your max debt load with your new mortgage should not exceed 1290.

Good Luck.

Sameer Punjani
0 votes
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