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Profile picture for tupperware

Is it possible to get a mortgage with a credit score of 361

We have 5% to put down. The value of homes in our Pittsburgh area are still up.  If so any suggestions on type of mortage we should apply for or estimated interest rate I sould expect?
  • January 15 2009 - Pittsburgh
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Answers (11)

Maybe they should do a reality tv series on even getting your score this low in the first place. Sort of like Jerry Springer meets Suze Orman's evil twin?
  • August 16 2009
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Speaking of not so sharp pencils....
  • August 16 2009
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Profile picture for tchau_99
1. It is a good idea to fix your credit first. AUTO pay all of your bill payment using online banking. This should help you reduce allot of hassle.  Eventually, you will get better CREDIT scores.

2. Then, save some money..... 5% down means you have some safety net for emergency for your family.

3. Home values are keep falling from the sky. It is not even flat out yet due to HIGH interest rate. Do you want to buy a DEPRECIATING asset? It is close to a car.....

4. With your credit score, you are lucky that you can even rent.


  • August 16 2009
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spamming on a thread that's been dead for months? Not exactly the sharpest pencil in the box...
  • August 16 2009
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I wouldn't even rent to you :(  I do know a credit restoration company that can help you out if you're interested just shoot me an email or call my cell and ask me for the number.
  • August 16 2009
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Mister info this thread is 6 months old!

Yet another stealth Spam campaign!
  • June 25 2009
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Good idea, get them hooked up with 5 cc companies who will give them $150 credit limits at 29% interest and obnoxious late fees so they can max those out in a month and add those accts to the list on the cr report. That's probably how they got down to a 361 in the first place.
  • June 25 2009
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Profile picture for Mister Info
Not to beat you up but I've never heard of a credit score so low. My advice is to quickly hire a credit repair professional to help you identify the issues. I'm sure with a score in that range you just don't need to remove negative items from your report but also build a solid payment history. The best company to help with this is www.thecreditbar.com  They are one of the few companies who help you do just that, remove negatives from your report and gives you a list of credit card companies who will extend small lines of credit to help build up your reputation.
  • June 25 2009
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Profile picture for Ken Kopper

Do you qualify for VA program? VA does not have a minimum score requirement although I only know of one lender that accept sub 500 scores for VA

  • January 15 2009
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try renting a trailer through GreenTree Financial
  • January 15 2009
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fix your credit...no way to get a loan with a sub 400 credit score...sub 600 is tough enough.
  • January 15 2009
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