With a credit score of 619 can I get a home loan?
If you have enough income to afford mortgage payments, you have enough to start paying down those student loans. I would concentrate on digging myself out of that debt before going into more to buy a home.
by dh1989 - 18 hours ago
Pay off the medical bills. Make sure they are off your report before you apply for a loan. Having a small amount on your credit card and making timely payments on it are an asset to your credit score. Make sure your debt to income ratio is 36% or lower. Example: Say your yearly income is 10,000. the total of all your payments(including your new home)cars,credit cards, student loans, can not total more than 3,600 per year. Paying the overdue medical bills should give you a small 10-25 point bump up in your credit score within 3 months.
by cagsr1957 - 18 hours ago
Yea u can..but its probably gonna take some frustration, denials, and looking around a lot. We just got a mortgage with a 580 credit score and stated income (which is even harder)..but it was VERY hard. If the property you are interested in is FHA approved, it'll be even easier. Try going to topdot.com, and look in a search engine for low credit score mortgages in your area. Be prepared to put down at least 3-5%, and not have the best interest rate. You could also try paying once of those credit repair companies (like lexington law), to fix your credit. It usually takes 60 days, and your score will improve dramatically (check out websites for that also), and it'll save u a lot of money with your interest (those places usually charge around $300, but it'll be worth it). But either way, you should be ok. If we could get a mortgage, anyone can lol. I really hope that helps, & if you have anymore questions about it, feel free to email me.
by mal.tjb - 18 hours ago
If you stay on the right path and pay down those cards i can definitely see you getting the home loan. Just make sure that your employment is stable and all of your bank accounts in the next few months are positive and in good shape. Also try to also save a little bit of money for reserves to cover a few months of mortgage payments. Good luck.
by candi h - 18 hours ago
It's not impossible but it will be difficult. Get as much debt paid off as possible. I am not sure about the medical bill situation. Good luck.
by Just Wondering - 18 hours ago
the medical bills shouldnt really effect it because they had to treat you but the loans you should pay off some off it try going to freecreditsreport.com good luck on the house
by Summer M - 18 hours ago
you can get a hone loan with any credit score you might not like the interest payments
by barry c - 18 hours ago
probably not with that much debt.
by Butchy Karen - 18 hours ago
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