I have very poor credit and have been delinquent on several credit cards. How can I get a loan to buy a new house? Do I have any options?

Asked by Milo

1 Answer

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Answered by Ted Erickson, Mortgage Broker in Novato, CA
500 fico score is the minimum fico to get an FHA loan. The lower the fico the more the down payment. Sound like you need at least 10% if you are below a 580 fico. Each lender has different guideline once your fico goes below 640 so shop around. Primary Residential Mortgage Inc out of Utah has this program. Good luck. | 01.21.15 @ 22:32
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$commenter.renderDisplayableName() — {comment} | 12.06.16 @ 20:13
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