Posted on: 31st May, 2010 02:06 pm
I am 71yr on social security and getting 24k yr.
My credit score is about 590.
I am trying to purchase a mobile home for about 35k. which is in a mobile home park so it does not include the land.
I am able to put 25% but cannot find a loan.
I am in the Cincinnati Ohio area.
Can you help me?
My credit score is about 590.
I am trying to purchase a mobile home for about 35k. which is in a mobile home park so it does not include the land.
I am able to put 25% but cannot find a loan.
I am in the Cincinnati Ohio area.
Can you help me?
Hi byteme!
Welcome to forums!
With a credit score of 590, it will be quite difficult for you to qualify for a loan. You should have a score of at least 620 in order to qualify for a FHA loan. I would suggest you to take some steps in order to improve your score and then apply for a home loan. You can check out the given page in oder to know some steps for the improvement of your score:
http://www.mortgagefit.com/credit-rating/credit-repair.html
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
With a credit score of 590, it will be quite difficult for you to qualify for a loan. You should have a score of at least 620 in order to qualify for a FHA loan. I would suggest you to take some steps in order to improve your score and then apply for a home loan. You can check out the given page in oder to know some steps for the improvement of your score:
http://www.mortgagefit.com/credit-rating/credit-repair.html
Feel free to ask if you've further queries.
Sussane