Answers (15)
- James Ryan, "jamesryan"
- Contributions:20
Most lenders low end is 640 or 620. Right now even people with 800 credit scores have issues getting financing due to one unforeseen issue or another.
- Shundal Rodgers, "Atlanta Buyers Agent"
- Contributions:54
I agree with Mr. Whiting at P.C Bank. 580 is the lowest score that I have seen.
- user0176483
- Contributions:1
all of you are wrong BofA financed me a 30yr fixed for $113000 with a score of 498 and $4000 down @ 5.5%
- AliceSmith2
- Contributions:3
Maybe if you're credit score is so low, you should concentrate on increasing it before you take on a major amount of debt.
[Promotion and hotlink removed by Zillow moderator. Please see our Good Neighbor Policy.]
[Promotion and hotlink removed by Zillow moderator. Please see our Good Neighbor Policy.]
- T.C. Whiting, "TCW at your service"
- Contributions:435
We go down to 580 on FHA (mortgages only).
- Dunes....
- Contributions:3876
Amanda Morgan
Some Lenders provide Small Installment Loans..You mean like where you work and your link takes us....Payday Loans?
Please read the Good Neighbor Policy.
"Spam, advertising, or self-promotional content is not allowed in Zillow Advice. This includes, but is not limited to, any contact information such as phone numbers, email addresses, or website URLs"
Some Lenders provide Small Installment Loans..You mean like where you work and your link takes us....Payday Loans?
Please read the Good Neighbor Policy.
"Spam, advertising, or self-promotional content is not allowed in Zillow Advice. This includes, but is not limited to, any contact information such as phone numbers, email addresses, or website URLs"
- Linda Strasberg, "L Strasberg"
- Contributions:2563
640 is more likely...
Today folks can get FHA financing (as little as 3.5% down) after a short sale was successfully completed when the challenges they faced were due to no fault of their own.
If they were foreclosed and had their debts discharged in bankruptcy... after a certain time period... they can also get financing if they can show steady employment history and no late payments since the bankruptcy and discharge occurred.
Today folks can get FHA financing (as little as 3.5% down) after a short sale was successfully completed when the challenges they faced were due to no fault of their own.
If they were foreclosed and had their debts discharged in bankruptcy... after a certain time period... they can also get financing if they can show steady employment history and no late payments since the bankruptcy and discharge occurred.
- Amanda Morgan, "morgan232"
- Contributions:3
In fact, the required credit score depends on the lender and the type of cash advance you are willing to get. Thus, the main thing is to make up your mind about what you need and learn the terms of several lenders in order to choose the one that is more appropriate for you. Besides, some lenders provide small [Hotlink removed by Zillow moderator. Please see our Good Neighbor Policy for more information.] They do no credit check, therefore, you credit score won't affect your ability to get such kind of financing.
- T.C. Whiting, "TCW at your service"
- Contributions:435
We can go to 580 with restrictions.
- shapiroamg
- Contributions:3136
640 will make life much easier for your LO.
Try to get your credit analyzed. We LOs have what if simulators that can advise us what is needed to raise your score. If you have some time before you plan on purchasing, I would reccomend doing this.
Try to get your credit analyzed. We LOs have what if simulators that can advise us what is needed to raise your score. If you have some time before you plan on purchasing, I would reccomend doing this.
- Lola Jefferson, "PleasedToBeYourAgent"
- Contributions:103
Wells Fargo can do a 580 with 10% down or they can finance an FHA loan with a 600 credit score.
- Pasadenan
- Contributions:26034
And I thought it was 350 as that is the lowest possible FICO score... But I see I stand corrected; I completely forgot about "no score"...
Rates and terms are too good at the bottom though, and there still are those other qualification issues.
Rates and terms are too good at the bottom though, and there still are those other qualification issues.
"580 Fico is possible 620 is more likely."
Wrong, FHA allows down to a 500 score.
It's one thing to say YOU only go down to 580, but that was not the question. When someone asks what the speed limit is, the answer is not; "everyone goes 75 or 80." There is a correct answer. Technically, the answer to this question is Zero since FHA also allows no score.
Wrong, FHA allows down to a 500 score.
It's one thing to say YOU only go down to 580, but that was not the question. When someone asks what the speed limit is, the answer is not; "everyone goes 75 or 80." There is a correct answer. Technically, the answer to this question is Zero since FHA also allows no score.
- weandme
- Contributions:2
Thank You!!
- Mike Shirley
- Contributions:30
580 Fico is possible 620 is more likely.
what is the lowest credit score you can get financed at?
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.