Posted on: 23rd Sep, 2009 08:57 pm
I have a 2008 double wide clayton mobile home sitting on 81 acres where I reside. House and land is paid for. I owe -0-.
I am looking to borrow $70,000 for kids education.
Problem..... I have a credit score of 578. That is the middle score. I have been denied denied denied.
My home is appraised at $90,000 and land is $99,000.
Do you have any programs for low credit scores for a 20-30 yr note?
I am looking to borrow $70,000 for kids education.
Problem..... I have a credit score of 578. That is the middle score. I have been denied denied denied.
My home is appraised at $90,000 and land is $99,000.
Do you have any programs for low credit scores for a 20-30 yr note?
With a credit score of 578, it would be impossible for you to get a mortgage. You would require a credit score of 620 to qualify for a FHA loan. If you plan to get a conventional loan, then you would require a credit score of 720-740. If you do not fulfill this criteria, lender will not consider your request for a mortgage.