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Answers (2)
- SoCal_Engr
- Contributions:5670
To consider purchasing a house, you should have three things...
A 620-or-higher credit score
A reasonable DTI (debt-to-income) ratio
Money for the down payment and closing costs
These are minimums. If you don't have all three, then you're going to have problems even if you somehow get into a house. It may not seem like it now, but consider that right now you're being protected from a bad decision. Work on getting all three in place, and you'll be much more likely to be a successful homeowner.
A 620-or-higher credit score
A reasonable DTI (debt-to-income) ratio
Money for the down payment and closing costs
These are minimums. If you don't have all three, then you're going to have problems even if you somehow get into a house. It may not seem like it now, but consider that right now you're being protected from a bad decision. Work on getting all three in place, and you'll be much more likely to be a successful homeowner.
- Ana Martinez
- Contributions:284
You can try working on your credit. It's in your best interest to do so because you will get a more favorable rate.
my husband has a cs of 601 and we cant get a loan for ahome in west tennessee. please help
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