Posted on: 16th Jul, 2013 12:21 am
I have a credit score of 718. Will I be able to buy a property worth $10,000 with this credit score?
Yes, it is possible to get a loan with this credit score. But what kind of property do you want to buy with a loan amount of $10,000?
Hi Polly,
With a credit score of 718, you will be able to get a conventional loan provided you meet all the required criteria of the lender. But the loan amount that you are asking for is quite less. That may be a problem for you. Normally lenders prefer giving larger loan amounts as it will help them increase their own profit.
Thanks,
Jerry
With a credit score of 718, you will be able to get a conventional loan provided you meet all the required criteria of the lender. But the loan amount that you are asking for is quite less. That may be a problem for you. Normally lenders prefer giving larger loan amounts as it will help them increase their own profit.
Thanks,
Jerry