my credit score is like 560 and i am interested in buying a home either through hud

Credit and mortgage advice Forums Buying Your Home my credit score is like 560 and i am interested in buying a home either through hud

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    • #203983
      Anonymous
      Inactive

      or single family /low inco can someone help me



    • #262890

      You need to stay where you are and start saving money for a down payment but the most important thing you need to do is pay your bills on time every month. That will raise your credit score. 560 is not a good score.

    • #264742
      Anonymous
      Inactive

      sorry buddy, but if your score is that low, you must have done something bad in the past,

      Nobody wants to lend you money, think about it, if you were a bank would you lend it to someone with a 560?

      The bank knows that if they give you money, they will never see it again

    • #273239
      Anonymous
      Inactive

      I doubt you could get a credit card let alone a mortgage. You need to rehab your credit.

    • #279152
      Anonymous
      Inactive

      sorry, i wouldn’t approve you with that low of a fico score.

      good luck, sounds like hard money lender to me.

      that’s below sub-prime lending.

    • #429469
      Anonymous
      Inactive

      normally a limited title is sufficient for 2nd mortgages or succeeding. Limited title meaning that title insurance is not required, therefore you’re not covered by that title that is issued. The purpose of a limited title is just for the lender to get a quick look at your title to see how many liens, judgements and/or any other deficiencies that might affect your title or “cloud” your title. Also, it’s for them to see how you are vested (vesting manner) and your property taxes information.

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