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Company Loan Type APR Est. Pmt.

Where can you get a mortgage with a 583 fico

Posted on: 08th Nov, 2010 05:26 am
Where can you get a mortgage with a fico of 583 mostly past lates etc
Hi kmcintyre!

Welcome to forums!

You can apply for a FHA loan with a credit score of 583. However, if you've too many negative items on your credit report, then you may not get the mortgage.

Feel free to ask if you've further queries.

Sussane
Posted on: 08th Nov, 2010 11:34 am
I have a Fico of 589. Two credit cards with a limit of $500 each and income of 60,000.
I have some past negative items on my history. These were credit cards that went into collection but I paid everything off mid 2009.

Do I stand a chance?
Posted on: 11th Nov, 2010 07:43 am
Hi brownk,

With a credit score of 589, you'll be able to get a FHA loan in order to buy a property. You should contact your local FHA lenders and apply for a mortgage. The lenders will check your financial situation and let you know whether or not you'll get a loan.
Posted on: 12th Nov, 2010 01:40 am
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