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My FICO score

Discussion in 'Credit Talk' started by MargaritaN, Jan 16, 2011.

  1. Jan 16, 2011 #1
    MargaritaN

    MargaritaN New Member

    I just got my FICO score and it is really bad 537. I want to purchase a home and depending on the price of the home I may have 10% down. There is a home in particular that I found where I would have 20% down. I was just wondering if there is any hope that I can get a home loan with that low of a FICO score?
     
  3. Jan 16, 2011 #2
    cg21

    cg21 Well-Known Member

    I think the lowest u can have is 580 fico.... but that's thru different types of loans.
     
  4. Jan 17, 2011 #3
    JMason

    JMason Well-Known Member

    The score usually has to be 620 or above (the middle score).
     
  5. Jan 19, 2011 #4
    Hedwig

    Hedwig Well-Known Member

    Talk to a mortgage broker and see what they have. There are sometimes programs that will help first-time homebuyers with credit that may not be the best.
     
  6. Jan 21, 2011 #5
    Salise2011

    Salise2011 New Member

    If you fix your credit you will be able to get a great rate for your new home. If you can't find a good place to fix your credit you can always go to a attorney that handles this type of thing. Hope this helped some.
     

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