Saturday, July 11, 2009

Whats the lowest credit score you can have and get a morgage loan?

I%26#039;m curious on lenders and whats teh minimum credit score to get any bank type of approvals?



Whats the lowest credit score you can have and get a morgage loan?

It completely depends on the amount of your down payment and the interest rate you will pay. For example, if you pay 50% down, anybody will give you a loan without even checking your credit, because they know that if you don%26#039;t pay, they can just foreclose and sell your property for more than you owe.



Whats the lowest credit score you can have and get a morgage loan?

dont worry my friend ........



i hope this will help u.....



Whats the lowest credit score you can have and get a morgage loan?

For a credit score in the range of 585-599, you may have to make a down payment of nearly 5% to be approved for a home mortgage loan. Even in this case, your approval will come from a subprime mortgage lender.

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