I have a credit score of 656 (experian) can I buy a home with this?

LOCATION: HOUSTON, TX

NEW HOME NO MORE THAN 100K

I HAD SOME LATE PAYMENTS AND CHARGED OFFS THAT I AM TAKING CARE OF.

I have a credit score of 656 (experian) can I buy a home with this?

Unfortunately, you can find a lender that would give money to someone with a 400. That%26#039;s what has caused part of the home value drops throughout the country. Your score is not that bad. You%26#039;ll be fine.

I have a credit score of 656 (experian) can I buy a home with this?

Yes, but that is subprime and you will pay an interest premium as a result. Prepare a balance sheet (a list of what you own and what you owe) and an operating statement (where the money came from over the past year, and where it went) and take these to your bank. If the bank won%26#039;t play ball, there are many mortgage brokers who can help, but be sure to shop around as their terms will differ.

I have a credit score of 656 (experian) can I buy a home with this?

Your credit score is just 1 element that goes into the home buying process.

Bottom line is that you can easily get approved with that kind of score. But it doesnt mean you will. You still need to fall within their loan guidlines on issues such as income, DTI ratio and down payment. But the score itself is considered an average score and normally can get approved as long as other criteria are met.

I have a credit score of 656 (experian) can I buy a home with this?

Yes. my credit score was 642 when I bought my home a year ago. Now my score has increased to 790! My home was also more than 100k. As long as the lender sees that you are current on your payments and actively working to pay off the charge offs, you should be able to qualify for a mortgage. I paid off all of my debt except for student loans before closing.

I have a credit score of 656 (experian) can I buy a home with this?

As long as your average credit score is 620 or above, you will qualify for a prime mortgage loan. However make sure you catch up with your charge offs and late payments. Good Luck.

I have a credit score of 656 (experian) can I buy a home with this?

There are more qualifications to buying a home than your credit score, like debt to income ratio, how long have you had your job, other credit references, yearly income, etc. Just based on your credit score, however, 656 is fine. You will not get the best interest rate, but not the worst either. The fact you are taking care of your charge offs should be a plus for many lenders.