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How do you buy a home with fair credit? Are there any mortgage companies or banks that will finance?

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July 28 2010 - Rio Rancho
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I would recommend talking to a local lender that can really look at your credit situation and see where you stand.  If you need a recommendation for a lender in the Albuquerque area, let me know.
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July 28 2010
I looked up your loan request ID and you stated you have a score of 620 and over 5% for a down-payment.  This is acceptable for FHA fiancing.  Just because you didn't receive a lot of quotes doesn't mean you don't qualify.
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July 28 2010
While it depends on what you mean by "fair" credit, the FHA is still guaranteeing loans with as little as 3.5% down and credit scores below those acceptable to commercial lenders.  Go to fha.gov to check out their program, and find a mortgage broker who works with FHA loans.
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July 28 2010
 
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