I have a good job, decent income. I live in Seattle but am open to San Francisco’s Bay Area. I can manage owning and paying for a home 30 YR or 40 YR Fixed if only I could get the load to buy one. I need my credit score and history overlooked.
creditreport.imess.net – try this service to boost you credit score before getting loan. After credit repair you can get the loan with minimal interest rate.
are there people or lenders who will lend money to buy a home even if you have a credit score of 535?
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i dunno.. my moms in real estate and she told me that one of her clients had a hard time getting a 65,000 loan and he was retired military with a guaranteed check coming in. .its getting hard to get a loan anywhere.. i just tried to get a 4,000 loan and couldnt get one.. i have a job and my credit score is 676… so who knows these days.
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Credit score and credit history will always be considered.
The only way you’ll get a loan is with a huge downpayment — like 50% down.
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Overlooking people’s poor credit scores and history is what got us into the mess we now find ourselves in. If you clean up your act and live within your means and pay down your debt, your credit score will increase over time and you’ll qualify for that loan eventually. And if you don’t, you never deserved the loan anyway. Good luck.
BTW, forget 40 year mortgages. They were a mistake back then and have disappeared now. Especially for those with bad credit.
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creditreport.imess.net – try this service to boost you credit score before getting loan. After credit repair you can get the loan with minimal interest rate.
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I dont have an answer to the question, but I would just like to say for those who want to make smart comments about deserving and not deserving- there are plenty of people who pay rent far more than houses would cost every month and do just fine. I know many people who have fradulent and old items on their credit from their teenage years that in one way or another is weighing down their score-nothing to do with ability to pay for a home. Also there is no way to fully know what goes into a score or how biased it really is. In addition scores are not the reason why we are in the housing slump we are in now. It was the greedy mortgage companies who used hopeful families and told them that their rates were protected, even when they werent and their mortgage was being thrown in the wind with dozens others on Wall Street. Borrowers had an obligation but lenders do as well, lets not forget that!
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