Posted on: 08th Aug, 2009 09:06 pm
I have a credit score of 579. I am wanting to purchase a mobile home. My land is paid for and worth at least 26, 000. What are my options? Do you think I would qualify for a loan? I am in the process of rising my score but know it will take some time. With the land as , will that Collateral help? I also have a co-signer whose score is in the 800's.
leslieann110
Welcoem to the forum
You may have difficulty in gettign the loan. You need to improve your score up to 620 before you can star applying for loan.
Good luck and feel free to ask
Welcoem to the forum
You may have difficulty in gettign the loan. You need to improve your score up to 620 before you can star applying for loan.
Good luck and feel free to ask
hii leslieann,
you need to work on your credit score and try to bring it up to 620 so that you can qualify for FHA loan. May be some lenders can work with you on low credit but they will ask for higher down payment and will charge higher interest rates...
you need to work on your credit score and try to bring it up to 620 so that you can qualify for FHA loan. May be some lenders can work with you on low credit but they will ask for higher down payment and will charge higher interest rates...