Posted on: 10th Dec, 2012 08:37 am
I have a fisher modular home paid off with a acre and a halve of land. I would like to borrow about 12000. dollars against it to have some extra money in bank. My credit score is 560 is this possible. Oh yea i am on dissability thx for a answer
Hi barryadk!
Welcome to forums!
With a 560 credit score, it will be quite difficult for you to qualify for any kind of loan. Even in order to get a FHA loan,you will need a credit score of 620 - 640. Thus, I don't think you will qualify for a loan.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
With a 560 credit score, it will be quite difficult for you to qualify for any kind of loan. Even in order to get a FHA loan,you will need a credit score of 620 - 640. Thus, I don't think you will qualify for a loan.
Feel free to ask if you've further queries.
Sussane
Welcome barryadk,
Yes, with a 560 score, it's impossible to qualify for a loan. You should take steps to improve your score and then look out for a loan. You can check out the given page in order to know some steps to improve your scores: http://www.mortgagefit.com/credit-rating/credit-repair.html .
Yes, with a 560 score, it's impossible to qualify for a loan. You should take steps to improve your score and then look out for a loan. You can check out the given page in order to know some steps to improve your scores: http://www.mortgagefit.com/credit-rating/credit-repair.html .