
We have a poor credit score and are desperate to buy a home, are there ANY lenders out there that can help?
We have already been told that we cannot get a FHA loan, due to our credit score. I am in Ohio.
Public Comments
- Might check for "rent to own" houses.
- email me I can help I speacilize in bad credit espang2003@yahoo.com
- Depends on how poor your credit is. Not just your score. I would assume that if you don't qualify for an FHA loan based on your score, you probably have a score below 575, and you want 100% on the purchase. Pretty common scenario. They don't do those kinds of loans because the MI companies won't insure the loan. Check with a broker who does business with Countrywide or Homecomings Financial. Both those companies have arrangements with the MI companies and can do 100% loans with MI for under 575 scores. What state are you in?
- PLEASE don't put your home loan in the hands of people spamming Y A for business. First, go to a couple lenders and find out what you have to do to get your credit back on track. Talk to a live, helpful person. They will advise you whether there are programs you can qualify for, or what you need to do to get qualified. You may be desperate, but lenders are not that desperate to lend. Good luck to you.
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