Profile picture for cf23sl

Is there any options for a mortagage if your credit score is 439?

  • July 01 2009 - US
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Answers (8)

Hard money if you have lots of equity. I would work on my credit instead of worrying about buying a house.
  • August 02 2009
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Profile picture for Mister Info
You'll need a minimum of 620 to be considered for any mortgage loan. Your best bet is to work with a reputable credit repair professional who can help you use multiple techniques to raise your credit score.

Beware of companies who solely help you remove negatives from your reports. Although helpful, it's usually not enough to see rapid score increases. You'll need a combination of negative removal and more importantly the addition of positive credit history. My sister worked with a company who did both for her and was able to raise her score from the low 500's to the upper 600's in months. [self-promotional post, removed by moderator]
  • August 02 2009
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Profile picture for Mr Caveat
your options include increasing your credit score and not using credit to buy your home... that is about it.

if your score is that low i have to imagine that you still, at this moment have a slew of other obsticals to obtaining a mort besides a bad score... you must have a really high debt to income, some installment accounts, some accounts currently in collections... there is no past tense we had issues but are ready for a house, this is pretty blatant, we cant manage our finances and need help.

you need to learn what mistakes you are making and how to avoid them
  • July 31 2009
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Profile picture for mysql
^ You don't accidently get a 430 credit score. Of course he knows why his score is so low. 



Even with a bankruptcy on record, your score can easily be in the 600-700's. I'm curious what happened.
  • July 25 2009
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you can get a loan with any score as long as there is equity or downpayment to get the oan to value right.
  • July 25 2009
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Profile picture for kevin2009
Your  credit score is too low... you should increase your credit scores... you won't be able to get a mortgage for score as low as 439
  • July 17 2009
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No.  And you'll need professional help to get to where there are some options.  I'm very serious about this.  I had a horrendous score for years, despite being very solid with my payments, until I got some help to figure out how to raise my score enough to be able to climb out.  I strongly recommend that you look into this, and if you need reputable companies, I'd be happy to refer you.
  • July 01 2009
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Profile picture for wetdawgs
The minimum credit score for an FHA loan is about 620.   Occassionally one might find a lender who will go as low as 580.

If your score is 439, there are some serious credit issues that need to be handled before thinking about home purchase.  Hopefully you know what those are so you can move forward to a higher score.
  • July 01 2009
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