636 credit score can you get a house?

Answer 1

You will have to look into a sub-prime lender that specializes in people that have not so good credit scores. You will have to have a down payment and the interest rate will be high, but it is possible. Go to https://www.longbeachmortgage.com/bfo/loginForm.do?parameter=logoClick and then click on "Wholesale Core Ratesheet" this will give you an idea of the terms of the loan that you can get. LBC is a sub-prime lender that was recently aquired by Washington Mutual. You can also go to wamu.com and look up steps to buying a house. They have some good basic info on there, too.

Answer 2

That barely qualifies to you to rent an apartment in some areas. I would suggest you stop using your credit cards, pay them down so that your credit cards are at no more than 25% of their credit limit, then check your credit report again.

Some substandard creditors are incredibly diligent about reporting your credit use, especially when it's unfavorable, while some mainstream lenders sometimes fail to report information or only do it periodically. Substandard creditors may not be as diligent at reporting good credit information. It is essential you review your credit report for accuracy. If any information in incorrect you have the right to challenge it with the credit bureau. That can considerably improve your score.

Answer 3

Yes, with a 636 you would have some options on obtaining a mortgage.
assuming you have a job, down payment (some cases you can go 100% financing), ect.. If you have any questions, you can email me.

Answer 4

Hey, the basher has a low credit score and bad hair.

Answer 5

Yes, but you will not qualify for prime rates (the lowest interest rates).

Answer 6

I did.