Posted on: 10th Dec, 2010 08:06 pm
I am a college student with financial aid to pay for my housing. I have money for a down payment but no verifiable income. I have a low fico of 560 and would like to purchase a home. How can I accomplish buying a home?
You don't have a verifiable income. Apart from this, your credit score is quite low. In such a situation, lenders won't be ready to give you a mortgage. You should try for some kind of job. Also, you should take steps to improve your credit score. Then you should apply for a mortgage.
Check out the given page in order to know some steps to improve your credit score:
http://www.mortgagefit.com/credit-rating/credit-repair.html
Check out the given page in order to know some steps to improve your credit score:
http://www.mortgagefit.com/credit-rating/credit-repair.html