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Selling/Buying a house

If we were to sell our house at $170,000 and owe $150,000 on it, would we be able to get a loan for a home priced about $120,000 with credit score about 520 and involved in debt management? Both are employed full-time with over 2 yrs at employers.
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April 30 2011 - Town of Plattsburgh
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Answers (2)

Yes, it would be very difficult getting a loan.  Is there anyway you could stay in the home for a couple of more years until your credit improves?  Your other option would be finding someone in the area where you are buying that would be willing to do owner financing.  Let me know if you need any further help.  Jeanette
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April 30 2011
I think you will have a very difficult time finding a loan with a 520 credit score and debt management.
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April 30 2011
 
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Selling/Buying a house
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April 30 2011 | 2 answers
  • Asked by brinkerhoff
  • In Mortgage
  • April 30 2011
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