Can you obtain a discouraging credit mortgage loan anymore?
Have a credit score of around 620-640. Past wage garnishment (a year ago) but paid bad early. Past car repossession (reason for the garnishment.) Other small things charged-off. Only looking for a mortgage loan of $25K or smaller amount with $10K for down payment. With todays discount, is there any chance of finding a mortgage company? What concerned of rates would I be looking at?
Answers:
I won't says it's impossible - only a lender who can look at your actual information could say that - when people over 700 can't other get loans, I'd say the probability aren't great.
You have nothing to lose by checking into it though. Just travel talk to a couple of lenders and find out. Having a down payment would be a huge serve to you.
your credit score isn't all that unpromising. And you are putting down a lot.
Talk with a lender (or even 2). Odds are you will own to pay off the small charge offs.
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I am a stay at home mom, and my husband just recieved a good elevate and is currently making 30,000 a year. But our credit is really bad from hospital bills and one eviction. No credit cards, bankrupceys, forclosers,...
Answers:
I won't says it's impossible - only a lender who can look at your actual information could say that - when people over 700 can't other get loans, I'd say the probability aren't great.
You have nothing to lose by checking into it though. Just travel talk to a couple of lenders and find out. Having a down payment would be a huge serve to you.
your credit score isn't all that unpromising. And you are putting down a lot.
Talk with a lender (or even 2). Odds are you will own to pay off the small charge offs.
Related Questions:
What is a righteous Mortgage company that will help out nation near REALLY BAD credit.?
I am a stay at home mom, and my husband just recieved a good elevate and is currently making 30,000 a year. But our credit is really bad from hospital bills and one eviction. No credit cards, bankrupceys, forclosers,...