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Buy a home?
I'm 70 years old I work I would like to purchase a home my credit is 540 I don't have down payment I live in A.R for 6years and never been late on my rent.what are my chances of getting a loan
Asked By Jackie Marie Ganac | Bentonville, FL | 89 views | Home Loans | Updated 3 months ago
Answer(1)
Josephine & Raj Sharma
Legacy Homes Realty
With a 540 credit score and no down payment, your chances of getting a traditional mortgage are very low right now. Improving your credit and saving even a small down payment will significantly increase your chances of qualifying for a loan. Contact your local area real estate agent to see how they can educate you to get ready to purchase home in the near future.
- 1 week ago
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