2006-09-03 15:32:30 · 6 answers · asked by mason6162 1 in Business & Finance ➔ Credit
how much do you have to put down? You're chances will increase if you have a good deal of money to put down. If you can't get enough money to put down, then try to work on getting your credit score up. The simplest thing to do is start by paying off any collections that you have, start small, like medical bills, and work your way through the rest. Most collection agencies will take pennies on the dollar to pay off your collection accounts which will in time, improve your credit score. If you're currently past due on any accounts, like credit cards, get them paid current. Good luck!
2006-09-03 15:39:54 · answer #1 · answered by wizibuff 4 · 0⤊ 1⤋
PEOPLE YOU SHOULD NOT ANSWER IF YOU DO NOT KNOW WHAT YOU ARE TALKING ABOUT. I work at a mortgage bank that lends under 500. But what are you looking to do? Is this a foreclosure bail ?can you show income(W2's pay stubs) How is your mortgage history What is the LTV ? I need more inform to tell what types of rate that you can get? BY the way the rate for people with a 500 will vary on LTV and mortgage lates if any .Email at JohnG@oldmerchants.com
2006-09-03 15:58:42 · answer #2 · answered by jon g 3 · 0⤊ 0⤋
no way under 500, even high risk lenders like Argent wouldnt take that, Build trade lines (pay your phone bill, electricity, cable etc.) on time and work with a credit agency to raise your score. Or you can find a co-Signer or find someone willing to sell a home on land contract. Aim for a 600 to get a semi decent rate.
2006-09-03 15:40:06 · answer #3 · answered by mixwithanything 5 · 0⤊ 1⤋
You don't need to get up to 750 actually 720 will get you the same rates!!!!! You will pay such a high interest rate with 490 I was trying to get one not long ago and my score is 680 and my husband but my husbands was 565 and I was no like no way they wanted me to pay 9.25% on 200,000 that is crazy. Really try and build your credit up it can be done mine was the same as yours less then 2 years ago. Plus it is kinda fun when you start getting good at it and get to watch it go up one month it went up 56 points i was so excited.
2006-09-03 15:43:43 · answer #4 · answered by jodi_lynn_124 2 · 0⤊ 1⤋
That's a tough one. Right off the top of my head, I can't think of one. You may want to look into the rent to own homes. I'm not sure where you leave so I can't give you a list, but most bigger sized towns have a few sompanies (and even some individuals) which rent homes and then after you've approved your credit, you have a chance to buy the home you have been renting and the rent you paid counts towards your payments.
2006-09-03 15:40:41 · answer #5 · answered by Mariposa 7 · 0⤊ 1⤋
I believe 500 is the very least anyone will loan for a mortgage to. Even then it will be at ridiculous rates.
2006-09-03 15:34:55 · answer #6 · answered by Vadalia 4 · 0⤊ 1⤋
Good luck. There is always someone who will lend money, but boy is it going to cost you. Why don't you work on getting your credit score up to over 750.
2006-09-03 15:39:05 · answer #7 · answered by Chick with pets 4 · 0⤊ 1⤋