Am I able to get a home loan for 95,000 if my credit score is 557?

Answer 1

Yes.

Answer 2

aslong as you have atleast 10% down,it wont be a problem,some companies will maybe go as low as 5%,but with a high interest rate,it helps alot if you can show good payment history on atleast one bill exp credit card,etc etc for 12 months.the more money down the lower your payment and the approval process is higher for you.some companies will "guarantee" approval,its not true,they will have you pay your credit off then give you the loan,but why not do that yourself if you had the means to right,go to something like lending tree,or another mortgage company,century 21 or something,and put your application on but be ready they will call you off the hook to make offers,look for the best one and go with that,but be sure to have atleast 2 agents working on you application at one time but obviously sign with the best one see ya,ps see yankees fans arent so bad lol

Answer 3

The biggest things that ALL mortgage companies look at, when reviewing your loan application, cover one of three areas: Income, Credit and Equity.(I.C.E.) If you have good income (make enough so that your mortgage payment does not exceed 30% of your gross income) but lousy credit, they may work with you as long as you put enough down. As long as two of the three are acceptable, your OK. You should expect to put down at least 20% to get an acceptable interest rate.

Answer 4

Maybe, but it will be tough. You will probably also have a very high intrest rate. You should probably try to raise your score before you try to get a mortgage. Pay down some of your credit cards.