Profile picture for little bic

what are the chances of buying a forcloser with a credit score of 500

  • November 01 2011 - Olive Branch
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Answers (4)

Not happening. Work on getting your score up. Low scores mean higher interest rates. Also, do you have a down payment saved up? You will need that too.
  • November 02 2011
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Profile picture for Sharon Lewis
Probably not very good. I would suggest you sit down with a lender and work on fixing your credit score, it might surprise you at how short a period that could take...every situation is different. Best of luck to you on your journey to purchase a home.
  • November 02 2011
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If you even could get a mortgage with a 500, I'm guessing you wouldn't want that mortgage.
  • November 01 2011
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Profile picture for wetdawgs
With all cash, no problem.   If you wish a mortgage, the probability is very close to zero.

Why don't you meet with a lender in person to help you put together a plan so you can achieve your dream of home ownership.

  • November 01 2011
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