Posted by Marcos on June 30, 2003 at 09:02:25:
You’d be surprised how easy it is to get financing these days. My recommendation would be to pull your own credit score, www.myfico.com. And then find a creative mortgage broker who deals with all kinds of borrowers. Total cost $15, and a few hours, and you’ll know EXACTLY where you stand. It may take you 10-15 calls to mortgage brokers to find the one you need. DO NOT LET THEM PULL YOUR CREDIT, offer to fax them your report. The more times your credit is pulled, the more likely you are to pull your score down. But, my advice would be don’t give up, especially after the first denial. If you’ve got crummy credit, there are options even for you. And if you need down payments assistance, there are plenty of programs that have no qualifications for first time, credit, income, race, etc.
I’ve gotten loans for people with 500+/- Credit scores. So, anything is possible.