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I did not get any quotes on my loan request (ZR-FKHBVPR). Can someone help me figure out why?

  • January 16 2010 - Covington
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Answers (1)

Credit score is below 620 which is the generally accepted minimum score for most lenders on Zillow.

Down payment is less than 3.5 percent of purchase price, which is the generally accepted minimum down payment for most lenders on Zillow.

If you were able to find a lender, due to your credit score, the interest rate would be quite high. In addition you would need a hefty down payment. You would be better off working on improving your credit score and then consider buying.

Here's a site that can give you advice about improving your credit score.

http://www.ftc.gov/bcp/edu/pubs/consumer/credit/cre03.shtm 
  • January 16 2010
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