Posted on: 01st Sep, 2010 06:58 pm
we are interested in purchasing a 2nd homeout of state to live in we have 20% to put down credit is not the greatest can this be done
Hi revdrbishop!
Welcome to forums!
As your credit is not good, it would be quite difficult for you to qualify for a home loan. In you want to get a conventional loan, then you should have a credit score of 700-720 whereas if you want a FHA loan, then you should have a score not less than 580.
Sussane
Welcome to forums!
As your credit is not good, it would be quite difficult for you to qualify for a home loan. In you want to get a conventional loan, then you should have a credit score of 700-720 whereas if you want a FHA loan, then you should have a score not less than 580.
Sussane