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If your credit score is 565 is there a lender who can finance you with 100 percent?
Wiki User
∙ 8y ago
Working for a mortgage company myself, there are lenders that will lend to a 565 middle - just expect to not get the greatest program. Your interest rates will be high, and you will likely have a pre-payment penalty. You will have 2 loans - an adjustable 1st and a fixed second. Your first will likely be around 7% (possibly slightly higher), with a 2nd around 11 - 12%. Max loan amount on those will likely be around $250,000, but possibly lower.
The lowest FICO I have ever had to do 100& financing for was 580.
Hope this helps!
Wiki User
∙ 8y ago
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Where could one get a loan if they have a poor credit score?
There are lots of places where someone can get a loan if he has a poor credit score. Some of these places are Spring Finance, Blemain Finance and Midland Credit.
Does your low credit score affect your new husbands credit?
No, your low credit score should not affect your husband's credit score, unless the lender/bank uses both your information for the loan. Credit score is based on each individual's information.
How get unsecured personal loan?
Unsecured loans are on the basis of good credit score since there is no collateral involved. The lender determines your credit worthiness on the basis of your credit score. Since he has no collateral he has to depend on the credit score to decide whether you are a lender's risk or not. If you have good credit score then you can easily get unsecured personal loan from Banks and NBFCs Such as SBI, PNB, Bajaj Finserv etc.
What is the optimal credit score for a house?
fine. So it is really difficult to simply quote a baseline score, as it will not be applicable from lender to lender or borrower to borrower. However, with credit scores of 653, 676 and 697, you have a good chanc what credit score you need to buy a home. http://www.squidoo.com/whatcreditscoredoyouneedtobuyahouse
Are there any banks in Michigan that would finance a VA loan with a 615 credit score?
The VA guidelines are not dependent on the state. The mandated score is either 620 or 640. What would be most beneficial is to find out how to raise this credit score (a competent lender will be able to tell you) so the buyer can qualify at the mandatory credit score. Also, if there is any possibility for variation, the internet based lenders would be able to establish this.
Is 650 a bad credit score?
The credit score 650 is really not that bad. With a 650 credit score you can finance a home or car.
Where could one get a loan if they have a poor credit score?
There are lots of places where someone can get a loan if he has a poor credit score. Some of these places are Spring Finance, Blemain Finance and Midland Credit.
Does your low credit score affect your new husbands credit?
No, your low credit score should not affect your husband's credit score, unless the lender/bank uses both your information for the loan. Credit score is based on each individual's information.
How get unsecured personal loan?
Unsecured loans are on the basis of good credit score since there is no collateral involved. The lender determines your credit worthiness on the basis of your credit score. Since he has no collateral he has to depend on the credit score to decide whether you are a lender's risk or not. If you have good credit score then you can easily get unsecured personal loan from Banks and NBFCs Such as SBI, PNB, Bajaj Finserv etc.
What is another item besides a credit score that a consumer will need in order to obtain credit from a lender?
boner
What is your new car interest rate?
That depends on your credit rating and the lender you get the loan from. credit score 745
What is the optimal credit score for a house?
fine. So it is really difficult to simply quote a baseline score, as it will not be applicable from lender to lender or borrower to borrower. However, with credit scores of 653, 676 and 697, you have a good chanc what credit score you need to buy a home. http://www.squidoo.com/whatcreditscoredoyouneedtobuyahouse
Are there any banks in Michigan that would finance a VA loan with a 615 credit score?
The VA guidelines are not dependent on the state. The mandated score is either 620 or 640. What would be most beneficial is to find out how to raise this credit score (a competent lender will be able to tell you) so the buyer can qualify at the mandatory credit score. Also, if there is any possibility for variation, the internet based lenders would be able to establish this.
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Having a checking account has no effect on your credit score. Bouncing your checks has a big effect on your credit score.
Do forbearance payment affect credit score?
Do forbearance payment affect credit score? Also, if your lenders agree to a short sale and you have not been deliquent on your payments but the lender granted you a forbearance, will your credit score be affected?
What credit score do condos want?
When you purchase a condominium, your lender will determine the acceptable credit score. When you rent a condominium from an owner, the owner makes a similar determination.
If your auto loan hasn't been updated on your credit score since Oct 2006 and you have made six payments that have yet to show up does this affect your credit if all payments are made on time?
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