Posted on: 16th Sep, 2013 03:10 am
Hello there... I am a first time homebuyer and have a credit score of 668. I have 5k saved for down payment and I looking for a mortgage in the range of $90k - $120k. AT present, I earn around $46k a year. Will I be able to buy a home now or should I work on building up my credit score?
With a credit score of 668, you will only be able to get a FHA mortgage. If you wish to qualify for a conventional loan, then you will have to increase your credit scores to 720.
Hi Tribelo!
Welcome to the forums!
To know some steps to improve your credit score, you should check out the given page: http://www.mortgagefit.com/credit-rating/credit-repair.html .
Feel free to ask if you've further queries.
Sussane
Welcome to the forums!
To know some steps to improve your credit score, you should check out the given page: http://www.mortgagefit.com/credit-rating/credit-repair.html .
Feel free to ask if you've further queries.
Sussane