Posted on: 02nd Apr, 2010 07:45 am
i have a sigle wid home and 1.38ac. plus 17 more ac and i need to get aloan my house and my 1.38 is paid for but my credit is bad what can i do... i need a loan because im goning to looswe everything else i have if i dont
With a bad credit, you won't be able to qualify for a loan. You should have a credit score of at least 700-720 in order to qualify for a conventional loan. If you need a FHA loan, you should have a score of 620. If your score is lower than that, lenders will not be ready to approve you for a mortgage.