can i still get a home loan with a credit score of 480?

Answer 1

There is a deal out there for everybody. You may not get your dream house, but you should be able to get some kind of starter home. Best advice is to fall in love with the deal and not with the home. Work hard to rebuild your credit and build equity in the house you buy.

You might want to look at a "lease with option to buy" or some kind of owner financing.

Good luck with your home purchase.

Answer 2

Most likely No. My husband and I tried with an average combined score of 545 and were turned down even for a V.A. Loan, which is supposed to be a pretty forgiving type of loan.

Answer 3

You might be able to, but your interest rate is going to be higher then for someone with a higher score. Your debt to income needs to look ok...it also depends on the reason that your score is 480.

Answer 4

truthfully? you probable can't, a minimum of no longer without a thoroughly outrageous interest fee. Your superb wager could be to spend the subsequent year getting your score up and then try returned. first of all, merely remember to are making a minimum of the minimum fee on each and every mastercard you have, each and each month. in case you have multiple debt, as quickly as you have made the minimum funds, practice any further funds you may whichever card expenses the optimal interest fee. you additionally can call the mastercard companies and request a decrease interest fee, or probably even get a clean card with a low fee and circulate the soundness to it. on account which you be attentive to your score, i assume you have gotten a credit record at present; it could have a itemizing of aspects affecting your score. as quickly as you establish a number of them, your score could strengthen.