I need to barrow 45,000 my credit score is 620

Submitted by kaboop07 on Fri, 09/17/2010 - 01:58
Forums

I am a first time home-buyer and I am 21. Still in school but get 820.00 a month for disability. I had a dual kidney-liver transplant 3 years ago. I want to buy this house down the street from my mom.

Hi kaboop,

Welcome to this community :)

You may get a loan from Federal Housing Association (FHA) with this credit score. However, it is better to first improve your credit score. You need to have a credit score above 720 to qualify for loans from other loan companies.

Thanks,

Aaron

Fri, 09/17/2010 - 08:18 Permalink