580 CREDIT SCORE SOME COLLECTIONS JUDGEMENTS are 4 yrs plus told app will go to underwriting not man

I had my phone interview today. Agent said they would try to push my application through va. In addition was told that I had a slim chance of getting the house. Have some collections, judgements all over 4plus yrs. Can I get the house or not?

580 CREDIT SCORE SOME COLLECTIONS JUDGEMENTS are 4 yrs plus told app will go to underwriting not manual help?

that is strictly up to the lender--but please be careful of subprime lenders. they can set you up to fail and then you will lose the house anyway. Why not try to clean up your credit report? You can go to www.annualcreditreport.com and you can get a copy of y our credit report once a year from all 3 credit bureaus. You can also dispute anything you dont agree with, If you have collection accounts, work to pay them off. If you have to pay them a little at a time, then so be it

I also want to let you know about a website called www.ameridream.org. They can help with down payment on your home.

580 CREDIT SCORE SOME COLLECTIONS JUDGEMENTS are 4 yrs plus told app will go to underwriting not manual help?

Franklin(vegasman), were you looking for an answer or were you looking to relate?

Keep us updated and let us know if you get the house.

Good luck.

%26quot;Second Chance Loans%26quot; - http://www.gotoloanguru.com Report It

580 CREDIT SCORE SOME COLLECTIONS JUDGEMENTS are 4 yrs plus told app will go to underwriting not manual help?

I hate to be the one to break it to you, but, unless you are putting a nice chunk down, you probably will not get it. Now, I say this even though I don%26#039;t know the full details of your situation, but, it sounds like to me that if it goes to manual underwriting, then once the underwriter sees your history, he will probably kick it back. Meaning, either he will say no, or he will give you a list of conditions to be met. But, again, I don%26#039;t know the full dynamics of your predicament. I wish you the best of luck!

580 CREDIT SCORE SOME COLLECTIONS JUDGEMENTS are 4 yrs plus told app will go to underwriting not manual help?

You probably can get a mortgage, but you will have to pay off the items that went to collections if you have not already. You might also try to find alternative sources of credit to submit along with your credit report to send into the underwriter. Just try to think about anything that might not be on your credit report, but show that you do pay back debts. Anything, really. I had a client once and we used their diaper service (among other things) to show that they did pay their bills. Just ask places to write you a letter. Also, a good down payment and debt to income ratio will help. Make sure that you have a mortgage consultant who is willing to go the extra mile for you!

My credit score is around 650 can i get a FHA loan for a home?

While a 650 is not particularly good, it is probably sufficient to obtain an FHA mortgage. How%26#039;s your debt ratio?

My credit score is around 650 can i get a FHA loan for a home?

Yes!

My credit score is around 650 can i get a FHA loan for a home?

660 credit score is good.I have 565 and that is fair. If you are first time buyer they like to work with you and its a buyers market right now so good luck

My credit score is around 650 can i get a FHA loan for a home?

You should be able to - go to your lender and get pre-qualified.

My credit score is around 650 can i get a FHA loan for a home?

you need to re fraise your question with more info as to whats on your reports 650 is that fico or fako is it your high score low or mid? why 650? what is bringing your score down? bk? if so when was it discharged? what other baddies do you have on your credit report ? no one is going to be even close to answering this without a better idea of whats in your reports. becuase although score is important. lenders also look at what is being reported and when.

in general nothing should be currently in defalt.

your utilization should be below 25% no collection bankruptcys, charge offs or judgements with the last 2 years

you should be able to get a fha loan if you meet the list i have above. another thing is do you have any revolving credit? store cards credit cards?

spend some time on creditboards.com and go to the mortgage forum and ask this question. that is where the experts are. hang out in the credit forum to find out more too.

My credit score is around 650 can i get a FHA loan for a home?

With a 650 FICO you might receive the lowest rate. Find a lender who is approved to do FHA loans and find out.

For more info - http://www.fhaloans.com (not run by FHA) or visit http://www.hud.gov

My credit score is around 650 can i get a FHA loan for a home?

650 is not a bad score, but there are other factors involved in qualifying for an FHA loan. Contact an experienced and reliable FHA-approved lender (not a broker). I like Julie at http://primelendingonline.com

Good luck!

My credit score is around 650 can i get a FHA loan for a home?

Yes, but I would not limit yourself to just that option. I recommend Smart Choice Mortgage. They do business in most states and are your best opportunity for someone to say yes. Check out the free evaluation form at the source website and a Smart Choice loan officer will contact you within 24 hours. Good luck.

My credit score is around 650 can i get a FHA loan for a home?

yes you will get a loan.i think that the below website will help you to find the right solution for your loan.

My credit score is around 650 i make 36,000 the only payment i got is a 300 car loan i want to spend

and get a FHA loan should i have a prob.

My credit score is around 650 i make 36,000 the only payment i got is a 300 car loan i want to spend 112,000?

If your annual income is $36k then your monthly gross is $3,000.

Your 43% DTI would be $1,290.

$1,290 - $300 = $990.

So to keep your DTI under 43% IAW FHA guidelines, your PITI would have to be $990 or less. Using a rough rule of thumb, that means you%26#039;d be eligible for about a $99,000 FHA loan.

However, the DTI of 43% for an FHA loan is not absolute. Other compensating factors may let you qualify for a higher amount. Contact an experienced and reliable FHA lender (not a broker). I like Julie at http://primelendingonline.com

Good luck.

My credit score is around 650 i make 36,000 the only payment i got is a 300 car loan i want to spend 112,000?

No. Too much. Really. Do you gross 36000 or is that your take home pay? That loan amount isn%26#039;t that much but it might be if you%26#039;re grossing 36000...credit score is decent but could be higher.

My credit score is around 650 i make 36,000 the only payment i got is a 300 car loan i want to spend 112,000?

YOU WILL NEED A HUGE DOWN PAYMENT I AM SURE OF THIS. GOOD LUCK. LET ME KNOW IF YOU GET IT OK

My credit score is around 650 i make 36,000 the only payment i got is a 300 car loan i want to spend 112,000?

i agree with digger. its goign to be close. you might need a down they might be able to work with you. other factors that are goign to be relivant are your last 2 years credit history. any bks? charge offs? lates? judgements? if you have a clean report for the last two years you stand a good chance. if you have a charge off within the last two years or collections or anythign of that nature it might be tough. contact a fha lender and let them pull your report and go for it. i think you should have a good chance based on the info you provided so far.

My credit score is around 650 i make 36,000 the only payment i got is a 300 car loan i want to spend 112,000?

Two words:

Easy Street!!!!

My credit score is considered fair....How hard is going to be to get a home loan?

You might qualify for an FHA loan. A good loan officer can get you financed. I suggest Hometown Banc Corp. My mom used them. They may be your best opportunity for someone to say yes. If your credit does not measure up, they don閳ユ獩 simply 閳ユ竾orget to call you back.閳? They help you get into a credit repair program you can afford regardless of income. Check out the free evaluation form at www.totaldebtsolutionsllc.com and a Hometown loan officer will contact you .

My credit score is considered fair....How hard is going to be to get a home loan?

If it is only fair, then difficult, especially now. You will have a subprime loan--and you know what that means.

IF you can put down a substantial percentage, preferably 20%, that could make a loan happen, though it won%26#039;t be the best rate if your score is only fair.

If you%26#039;re thinking of buying something now, you should definitely get pre-qualified, even pre-approved, before shopping around as the lending market is not favorable for fair credit.

Good luck.

My credit score is 535 can I finance a used car?

Sure you can, but be prepared to pay higher interest rates and put down a larger down payment.

My credit score is 535 can I finance a used car?

Possibly. Depends on many things like what is the low score being caused by (late on previous car payments?), how long on your current job, downpayment etc.

My credit score is 535 can I finance a used car?

OF COURSE YOU CAN BUT PLEASE TRY TO GIVE 500.00 OR MORE DOWN YOUR INTEREST RATE WILL BE HIGH.HAVE FUN ON YOUR NEW CAR

My credit score is 535 can I finance a used car?

Most lending institutions don%26#039;t loan money on a car based on beacon score alone. You should also pull (or have pulled) all three of your scores. Equifax, Transunion and Experian. These scores can sometimes vary greatly and can certainly affect your interest rate or whether or not you even get approved. Money down always helps, and don%26#039;t try to buy something you can%26#039;t afford. Get yourself a NADA book at the store and try to find a car priced somewhere around 105-110% over trade in value. Also, if you do get approved, try to get them to knock off a point or two on the rate. I hope this helps, good luck.

What credit score should you have to finance a new car?

A better question is %26quot;can you really afford that new car?%26quot; It sounds like you aren%26#039;t sure whether your credit is good enough or not. And that%26#039;s a sign that you are looking to buy more car than you can really afford.

New car loans tend to be longer term. So for the first few years, you will be upside down on that loan -- new cars take a big depreciation the minute you drive them off the lot. In a year or two when you are having trouble paying that car payment, you will be stuck.

Buy less car. Something that you can easily afford the payment and only needs to be financed for 2 or 3 years.

What credit score should you have to finance a new car?

A higher credit score gives you the best and lowest interest rate. If your credit score low, you can still finance a car, but you will have to pay more.

What credit score should you have to finance a new car?

less than 250 in the uk.

Low credit score....why can't I get a constolidated loan to cut down on charges?

Your credit score indicates that you have problems using credit. So it is risky to lend you money. If lenders put their money at risk they want a high return(interest) for it.

The good news is that when you work through your debt you will be eligible for better terms. Your first step should probably be to see a credit counselor.

Low credit score....why can%26#039;t I get a constolidated loan to cut down on charges?

As someone who works at a bank, this is an easy question to answer. The bank looks at your credit history to see how you have paid your bills (whether they are on time, late, and if so, how long), how much revolving credit you have and the balances on these accounts to your limits, to see if you filed for bancruptcy, and any outstanding judgements against your (from companies that placed your amounts owed to collections, medical). All of this goes into the decision. Based on this information, we can get an understanding on how we expect you will pay us back, and if you do, will it be on time. This is why its hard, once you get the low credit scores, to over come it. The best bet is to pay your bills on time and in full. All this in turn will determine how much we are going to charge you to use our money. The higher the rate, the more risk you pose to us.