Anyone bought a house???

Discussion in 'Credit Talk' started by phxbbw6ft1, Aug 28, 2002.

  1. phxbbw6ft1

    phxbbw6ft1 Well-Known Member

    Whats the lowest score anyone had and still got a loan? What was on your credit reports and u still got a loan?
     
  2. ohnostuck

    ohnostuck Well-Known Member

    I have seen some here get a loan with a 550. They pay VERY high interest though. With the score you posted I suggest that you hang in there and get things straightened out before pondering a mortgage. Good luck to ya :)
     
  3. phxbbw6ft1

    phxbbw6ft1 Well-Known Member

    i'm not sure what my scores are...471 was my score before i started disputing....alots come off. i'm not rushing into a house...just wondering, and dreaming of being a homeowner:)
     
  4. dtembe

    dtembe Active Member

    I bought a house last year. Actually closed in Sept 22, 01. My scores were 565, 579, 584 with the bureaus. I paid 3 points to close, 97%LTV (3 % down) and my Mortgage interest rate is 8.3%
    I have since then worked on cleaning my credit and now my scores are
    Exp 699
    TU 784
    Equ 645
    I am hoping to refinance next month at prime. Just waiting for one derog to fall off equifax report.
    Dan
     
  5. fla-tan

    fla-tan Well-Known Member

    The lowest score that I have been able to get someone a mortgage with is 503. There are lenders that will provide you with a mortgage as long as you have no lates on rent and can prove (by check or verification of rent with a property management company) it.

    Good luck in cleaning your credit.


    fla-tan
     
  6. phxbbw6ft1

    phxbbw6ft1 Well-Known Member

    Thanks so much everyone that posted back to me.... :)
     

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