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can i buy a house with a credit score of under 600

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December 21 2013 - Staten Island
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Yes that is possible! There are lenders like myself out there that are able to do loans with scores as low as 580. So as long as you are above 580, you will have a better chance at obtaining a loan. If you are below 580 you should spend some time working on your credit score for a bit. The simplest way to fix your score is pay off your debt and revolving credit balance on time. It is also important to understand that you ability to obtain a loan for a house relies on other factors as well. These factors include your income, debt, assets, expenses, employment, down payment, as well as credit. Either way, the best thing for you to do is to speak with a lender to see if you can get started on financing a new home. There are lenders like myself that would be glad to speak with you to help you get the loan that you need. Well I hope this helps! If you have any further questions or if you would like a loan, feel free to contact me!

Good Luck!
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December 23 2013
Most lenders require a minimum of 600 credit score.  Under 600 credit score you will have to have a large down payment, and the interest rate will be significantly higher.  
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December 23 2013
 
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