Posted on: 14th Oct, 2008 10:50 pm
My credit score is under 600. I have 83 acres worth $1000 per acre. I am willing to secure a loan with the acreage.
Hi bev,
Welcome to forums.
I do not think you will get a land loan with a credit score of 600. Normally lenders ask for a credit score of 650-700. However, you can still check with the FHA approved lenders if they offer any land loan with such a credit score.
You can also speak to the lenders of this community and ask for a no obligation free mortgage quote. To know what happens after you send your request, check out the mortgage quote section.
Thanks
Welcome to forums.
I do not think you will get a land loan with a credit score of 600. Normally lenders ask for a credit score of 650-700. However, you can still check with the FHA approved lenders if they offer any land loan with such a credit score.
You can also speak to the lenders of this community and ask for a no obligation free mortgage quote. To know what happens after you send your request, check out the mortgage quote section.
Thanks