Posted on: 30th Jun, 2010 07:11 am
I've been working at my job for 3 years, and I'm in a Rent to Own home. I've got the 5% down needed, House purchase price is 260K.
My credit score is 640. Can I get a mortgage? I'm in Ontario.
My credit score is 640. Can I get a mortgage? I'm in Ontario.
Hi bwall,
With a credit score of 640, you'll be able to qualify for a FHA loan. You should speak to the local FHA approved lenders in order get a loan. Depending upon your income and debt to income ratio, the lender will let you know whether or not you'll get a mortgage.
Thanks
With a credit score of 640, you'll be able to qualify for a FHA loan. You should speak to the local FHA approved lenders in order get a loan. Depending upon your income and debt to income ratio, the lender will let you know whether or not you'll get a mortgage.
Thanks