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A Good Loan Company?

Discussion in 'Credit Talk' started by passion, Dec 4, 2001.

  1. Dec 4, 2001 #1
    passion

    passion Active Member

    Hi,
    Does anyone know where I can get a good home loan with a poor credit rating?...
    Fico Score 492..sigh!......:-(
    Any help Please!... current mortage rate 8.9%.....
    Home owner for 3 + years........:)
     
  3. Dec 4, 2001 #2
    bailey

    bailey Well-Known Member

    Are you looking to refinance?????

    Your score is rather low and I don't think you will get a better rate than what you currently have at 8.9:(
     
  4. Dec 4, 2001 #3
    doodyhead

    doodyhead Well-Known Member

    FHA?
    but your credit has to be relatively clean the last 2 years & collections/chargeoffs paid off

    Not sure if you can refi a conventional loan to fha tho. Does anyone know?
     
  5. Dec 4, 2001 #4
    kustomkat

    kustomkat Well-Known Member

    You can refi with who ever will approve.
    though with a score that low Im not sure many lenders would take a chance. You should try to clean up your credit first.

    Kev
     
  6. Dec 4, 2001 #5
    passion

    passion Active Member

    Hey Guys Thanks a lot...
    I have done some clean up... :) most negitive is CCCS marks... about (3)...
    Haven't checked my score since July 2001.. a lot has changed.. My score may be above 500 now....

    What is a good score?

    Happy Holidays....!
     

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