SDD
 |
Yes. You'd need a big down-payment and be willing to pay a very high rate of interest. I wouldn't on those kind of terms, though.
Start calling some. Like https://www.eloan.com/s/show/subprime and see what the terms are. Nothing to lose with a phone call. |
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loving 40+
 |
that cruise ship sank. you'll need a huge down payment if you can get approval |
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Garden by M
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no, that means you don't pay your bills |
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wolfsmoon71
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You'll need a HUGE down payment. |
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scottsmylie
 |
Pay cash. If your credit score is that low, I think you need to worry about something other than buying a home at this time. |
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FRANK
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I do not know of any lender that would consider a mortgage loan with a 460 credit score. |
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Jan K
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With the market the way it is right now, you are best off working on your credit. To get credit with your score you will have to have a huge down payment and will be paying huge interest rates. If you have a credit report, see if there are any errors on it if there are get them corrected. Meantime, make your payments on time and bring up your score. Once the market is back your score will be better and your loan interest rate and down payment will be lower. |
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Pengy
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Only if you can pay cash. Sorry your credit is almost at the bottom, very close to it in fact. Need to improve that first before you even think about a house |
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myanow86
 |
I am a loan officer and I will tell you you need a MIN of 500 and even at that you will have horrible terms. Save up a 10% or more down payment plus work on repairing your credit with a companty like Lexington Law Firm. The BEST thing you can do is get over a 620 before applying for a home loan, and have 10% to put down. There are no more subprime loans only FHA loans so you need to see what the cap is on a FHA loan in your area and you will need to find a home within that price range.
So here it is, get your credit fixed, get a 620 or better for liveable terms! |
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Big daddy
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To be honest, I havn't seen any fha programs that will go below 520. I agree with some of the posters here, even if you do get approved, you'll spend hard earned money on interest, that would be a waste. Get with a credit counselor and work on your credit, I know that you probably don't want to hear this but it will save you thousands, and I mean thousands in the end, good luck |
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godged
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NO. |
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Jennifer M
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I don't know of any home loan that will work with that score. Have you checked your credit report to see if there are any errors. My score is low (very low six hundreds) and I am getting an FHA loan but the documentation needed is CRAZY. I make very good money but they are really scrutinizing applications right now.
Even though FHA allows credit scores as low as (I think) 590 - alot of mortgage companies won't touch you until you are at a minimum of 600 - that is with a good down payment and documentation for EVERYTHING.
Good luck. |
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catsniffindog
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Why don't you find a place that will let you rent to own. It helps both people out. You get a place to live while you built up equity. |
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SheilaB
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You'll need a huge down payment or improve your credit. |
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Debbie V
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no! your credit score needs to be at least 590 |
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Chrystal M
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You're probably better off waiting a year and spending the year in between now and then getting your credit in order. If you have ANY judgments against you, charge offs or bad debts, most mortgage companies worth their weight will require you to pay them off.
You're better off waiting a year, cleaning up your credit, paying down credit cards, and paying on time. If you buy a house now, you'll end up paying an outrageous amount of money in interest. |
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Jennifer S
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Probably not. You are a huge risk. You'll need to save a large downpayment and work on fixing your credit score. That number is really low. |
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jack daniels
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geez i hope so lol cause my credit is like a 705 and i dont think i can get approved..but i havent tried yet..maybe ina couple of months.. |
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