Most have a minimum credit score requirement (usually at least 540). However, you may look into doing a lease-to-own with a private seller. This will allow you time to improve your credit while setting money aside for closing costs and a downpayment. Check rent-to-own-ads.com and craigslist.com. In most areas of the country you can find a great house within your budget.
Can any one get a lone for a mortgage on a500 credit rating?
Yes, but you don%26#039;t want it. There is literally a loan for any person to buy a home, but the terms begin to really suck below 600fico.
You should assess your credit report and get the score up. If you have any good credit then it should not be a difficult thing to get your score up 50 points in a couple months. Check out the 4 %26quot;factor%26quot; codes after your score in your report. They will give you a guide to how to attack your credit issues.
Can any one get a lone for a mortgage on a500 credit rating?
What state are you in? There are some decent programs for people with ficos over 500.
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