Whats the going interest rate.....??

[DookieLuv!]

Whats the going interest rate for buying a house with not so good credit??

[Amortized]

Depends just how much deragatory credit there is, the type of deragatory credit, how much of a down payment you have, and wether or not you're looking for a regular site built SFR (Single Family Residence) or manufactured housing. With some banged up credit, you can expect 7-10%. Even though that payment might be high, I'd suggest getting into a house you can afford at that rate, make your payments on time (nothing will improve your score and build your credit faster than making mortgage payments on time). After being in the house a year or two, long enough to get your score high enough to refinance and get some better rates, or sell the house and move up, while getting better rates.

[Steve B]

i just invesitgated getting a home loan myself, they seemed more concerned with me having 5g's in the bank than what my beacon score was.

[Amortized]

Sounds like you're looking for money in the wrong place. What was your scores? 580 and stable employment will get you 100% financing, if you can't verify your income, a 620 would be needed.

[Steve B]

Sounds like you're looking for money in the wrong place. What was your scores? 580 and stable employment will get you 100% financing, if you can't verify your income, a 620 would be needed.

suggestions? where would you look for money with good income and low 600's

[Rdline1]

im looking to get into a house right now, but im 19 and i have basically no credit whatsoever. :-(

[Penis]

Sounds like you're looking for money in the wrong place. What was your scores? 580 and stable employment will get you 100% financing, if you can't verify your income, a 620 would be needed.




Theres lenders that go 580 stated. Not sure about the 100% though.

[Dunecune442]

im looking to get into a house right now, but im 19 and i have basically no credit whatsoever. :-(

have parents cosign.

[Scott]

There are tons of avenues to go down with mortgages and the interest rates vary upon those.

You can do a no-doc loan if you have good assets or lots of cash then you can do 100% financing if you have great credit and little to no assests. All of these programs have different interest.

Best thing to do is get pre-qualified, it is free, and take about 30 minutes at the most. If you want some suggestions on who to call about getting pre-qualified let me know.

[Rdline1]

have parents cosign.

gonna have to....

[Amortized]

suggestions? where would you look for money with good income and low 600's

I'd look on TF! Check your PM.