06-22-2008 07:36 PM
06-22-2008 07:45 PM
06-22-2008 10:35 PM
06-23-2008 04:19 AM
06-23-2008 05:08 AM
06-23-2008 09:04 AM
Check out www.hud.gov. Your salary in your state/county may qualify you for downpayment assistance programs through the federal gov. Having money to put down can help offset trouble that your credit reports/scores can/will cause
shalane85 wrote:Can anyone post their experiences, bad or good, getting pre-approved for an FHA loan with credit scores 580 and lower. I know everyones situation is different but I'd like to hear anything anyone cares to share as I am waiting pre-approval for an FHA loan with Bank of America.Currently my scores are 561,571,581. No lates for 12 months, except an error on my report from capitol one that I was late 9/2007. My income is 35,100. I have about 2k saved. I pay out $336 a month in debt so I guess my DTI is okay. All of my past collection accounts are at least 12 months old and all are paid off. After reading some of the posts I'm not so sure I will be approved. But I should find out tomorrow. Wish me luck! But anyone have any stories please feel free. I need all the encouragement I can get.
06-23-2008 11:13 AM
06-24-2008 01:47 PM
06-24-2008 03:54 PM
Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.