Credit Score or 550 and zero debt to income Possible to get a mortgage?
Posted in: Low Credit Score Mortgage Tags: acre of land, collateral, credit score, debt to income ratio, manufactured home, zero debt
My credit score is 550 right now. I also have a zero debt to income ratio, Does that help? I make around 5000 a month and am trying to purchase a manufactured home. I also can put up an acre of land that the home would sit on as collateral. Is it even possible to be approved with the low credit score?
How do I get out of a contract for deed? or get a loan w/a high debt to income ratio and low credit score?
Posted in: Low Credit Score Mortgage Tags: 7 months, bind, credit bureau, credit score, debt to income ratio, financial burden, lawyers, mortgage broker, mortgage holders, paycheck advances, property taxes, quick solution
My husband deserted me and my daughter and his name is still on the contract. He gives me no $$ support. I gross only 00/mo. A mortgage broker told me my debt to income ratio is too high to get a loan and that my credit score, 545 is too low. They want 0/k for the house and they want me to pay the property taxes, 00 and since my husband left me with the financial burden and I don’t have his whereabouts. I hate this bind I am in, can anyone give me some advice? My payment is 00/mo and I am living on paycheck advances to buy food because of the high house payments which are not being credited to anything, really…The mortgage holders are lawyers and are having the payments taken out of my paycheck through a collection company and aren’t even having the payments reported to the credit bureau to help improve my credit score? I need a quick solution since my husband has been gone for 7 months now. Help?????
What is the lowest credit score you can have to get an FHA mortgage .?
I nervous about checking it out . Ihave a family of 7 kids and need a house. My low score is a 486 and high at 541 .I’m currently disputing , but don’t know how much luck I’ll have please help if you can.
MY DEBT TO INCOME RATIO IS FINE.
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