is it possibe to buy a home if your credit score is under a 500?
Answers:
If you pay all cash for it! You might have to get a co signer with good credit and have a hefty down payment
Other answers:
Probably not, and if you do find someone who will loan you the money, the interest rate is going to be outrageously high. Your best bet would be to do what you can to repair your credit score first.
Probably not, and if you do find someone who will loan you the money, the interest rate is going to be outrageously high. Your best bet would be to do what you can to repair your credit score first.
Yes where are u looking to buy? i work for a mortgage broker
only if this home was a cardboard box on the street
very very unlikely. first off you would need a deposit of at least 20% even to be considered. with the other remaining balance you'd be into predatory lending territory. the rates would be beyond horrible. overall I'd say there is about a 10-20% chance of doing so.