I'm curious on lenders and whats teh minimum credit score to get any bank type of approvals?
2007-02-27 15:08:31 · 3 answers · asked by amber w 2 in Business & Finance ➔ Credit
It completely depends on the amount of your down payment and the interest rate you will pay. For example, if you pay 50% down, anybody will give you a loan without even checking your credit, because they know that if you don't pay, they can just foreclose and sell your property for more than you owe.
2007-02-27 15:17:14 · answer #1 · answered by Larry 6 · 0⤊ 0⤋
For a credit score in the range of 585-599, you may have to make a down payment of nearly 5% to be approved for a home mortgage loan. Even in this case, your approval will come from a subprime mortgage lender.
2007-02-27 22:26:58 · answer #2 · answered by Anonymous · 0⤊ 0⤋
dont worry my friend ........
i hope this will help u.....
2007-02-27 20:01:49 · answer #3 · answered by boo v 1 · 0⤊ 0⤋