Bad credit repair and "no money down" home purchase.
Q: How bad can be my credit score if I am planning to buy a house with no money down? I checked with few lenders, and getting somewhat conflicting answers. I make enough money to show my income and have about $11,000 in savings. My scores are 605, 617 and 634.
A: I believe the cut off bad credit score for no-money-down purchase is 640. You are almost there. See what you have to do to improve your scores. No reason to hurry, the home market will be at the buyer hands for quite some time. But do check if my number is correct, but regardless do some credit repair. If you give some specifics I may be able to help, that is if you need any help.
Wed Jul 11, 2007 04:07PM by Tony | More in Credit Repair | Comments (1)
Recent Entries
- How to refinance mortgage if you cosigned for student loan
- How to build credit history fast
- Cease and Desist letter to payday loan company
- Settling credit card debt with Chase - why settle?
- Sued for credit card debt
- Debt reaging - what you should know
- Capital One is the worst credit card issuer
- Wells Fargo debt settlement? Get it in writing
- Utah statute of limitations on credit card debt
- Bankruptcy after divorce, can they come after my ex assets?
Categories
- Announcements
- Credit Bureaus
- Credit Repair
- Debt Relief
- Economy
- Gold Investing
- Insurance
- Mortgage
- Personal Finance
- Stocks
- Student Loans
- Taxes
