credit score - Posted by John

Posted by Rafiq on March 13, 2002 at 09:44:37:

Hi John,

It is possible but your interest rate is going to be high in most cases. Most lenders will look at your middle score as well so you’re just above the cut off line with a 625.

credit score - Posted by John

Posted by John on March 12, 2002 at 12:04:59:

I have had a personal bankruptcy over 2 years ago and currently have the following credit scores:

Equifax - 601
Experian - 625
TransUnion - 647

I have also become a full-time self-employed (limited partnership) real estate investor (using LP’s $)for the past six months. Can I get a purchase mortgage and if so, how do i go about it considering my current situation.

Re: credit score - Posted by Bruce Lawson

Posted by Bruce Lawson on March 13, 2002 at 11:03:10:

Hi John,

Yes you would be able to obtain a mortgage as long as you have favorable new credit established in the past two years, and your middle score is within the conforming line. You most likely will have to pay a bit higher interest rate but it should not be intolerable 7.5-8.5.

Bruce Lawson