Posted on: 23rd Nov, 2010 11:13 am
I NEED HELP GETTING A HOME LOAN. MY CREDIT RATING IS 595 WERE CAN I GET A LOAN. ROGER
Hi vintagecar,
With a 595 credit score, it will be difficult for you to get a mortgage. You will not be able to get conventional mortgage as they are available at a score of 700-720. As far as FHA loans are concerned, some banks might offer you the loan. However, banks like Wells Fargo and Bank of America will want you to have a credit score of 640 in order to get a FHA loan.
Thanks
With a 595 credit score, it will be difficult for you to get a mortgage. You will not be able to get conventional mortgage as they are available at a score of 700-720. As far as FHA loans are concerned, some banks might offer you the loan. However, banks like Wells Fargo and Bank of America will want you to have a credit score of 640 in order to get a FHA loan.
Thanks
There are a couple lenders who do FHA mortgages down to a credit score of 580.
FHA mortgages have maximum mortgage limits by county. If the county limit for your purchase covers the loan amount you want, it is possible to do an FHA purchase mortgage.
In what state and county would the purchase be in?
FHA mortgages have maximum mortgage limits by county. If the county limit for your purchase covers the loan amount you want, it is possible to do an FHA purchase mortgage.
In what state and county would the purchase be in?
