Posted on: 24th Jan, 2011 08:36 am
If I got a 623 on transunion a 591 on equifax and a 584 on experiean is a 30 fixed possable I need 40 k fo a 11 acre parsel with a three bedroom home on it {needing work} and 3 barns good size. I will have 30,000 in cash for a down payment as well as being a first time home buyer. Can someone please help me I am a lil scared on what to do or how to start. Thanks for any reply--Mike
Hi Guest!
Welcome to forums!
Your credit scores are quite low. With these credit scores, you'll be able to get a FHA mortgage only. In order to get a conventional mortgage, you should have a credit score of 700-720. Thus, I will suggest you to contact the local FHA lenders and apply for a loan.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
Your credit scores are quite low. With these credit scores, you'll be able to get a FHA mortgage only. In order to get a conventional mortgage, you should have a credit score of 700-720. Thus, I will suggest you to contact the local FHA lenders and apply for a loan.
Feel free to ask if you've further queries.
Sussane