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Depends what you want the loan for. My guess is a house NO....but my sister bought a car with a score of 585.

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15y ago

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How can I pre-approve for a mortgage?

To pre-approve for a mortgage, you will need to submit an application to a lender. They will review your financial information, such as income, credit score, and debt, to determine how much they are willing to lend you. This pre-approval letter can help you when house hunting, as it shows sellers that you are a serious buyer who can secure financing.


Where can I find a mortgage company that will approve a mortgage when I have a 553 credit score?

There is probably no credit union or bank that will approve you when your score is that low. What on earth did you do to have such a horrible credit score? You should be ashamed of yourself.


How much will I get approved for a home loan?

The amount you get approved for a home loan depends on factors like your income, credit score, and debt-to-income ratio. Lenders typically approve loans that are around 3-5 times your annual income, but this can vary. It's best to speak with a lender to get an accurate estimate based on your specific financial situation.


How much would I get approved for a house loan?

The amount you get approved for a house loan depends on factors like your income, credit score, and debt-to-income ratio. Lenders typically approve loans that are around 3-5 times your annual income, but this can vary. It's best to speak with a lender to get an accurate estimate based on your specific financial situation.


How much will I get pre-approved for a mortgage?

The amount you get pre-approved for a mortgage depends on factors like your income, credit score, and debt. Lenders typically approve you for a loan amount that is around 3-5 times your annual income. It's best to speak with a lender to get an accurate estimate based on your specific financial situation.

Related Questions

How can I pre-approve for a mortgage?

To pre-approve for a mortgage, you will need to submit an application to a lender. They will review your financial information, such as income, credit score, and debt, to determine how much they are willing to lend you. This pre-approval letter can help you when house hunting, as it shows sellers that you are a serious buyer who can secure financing.


Where can I find a mortgage company that will approve a mortgage when I have a 553 credit score?

There is probably no credit union or bank that will approve you when your score is that low. What on earth did you do to have such a horrible credit score? You should be ashamed of yourself.


How much will I get approved for a home loan?

The amount you get approved for a home loan depends on factors like your income, credit score, and debt-to-income ratio. Lenders typically approve loans that are around 3-5 times your annual income, but this can vary. It's best to speak with a lender to get an accurate estimate based on your specific financial situation.


How much would I get approved for a house loan?

The amount you get approved for a house loan depends on factors like your income, credit score, and debt-to-income ratio. Lenders typically approve loans that are around 3-5 times your annual income, but this can vary. It's best to speak with a lender to get an accurate estimate based on your specific financial situation.


How much will I get pre-approved for a mortgage?

The amount you get pre-approved for a mortgage depends on factors like your income, credit score, and debt. Lenders typically approve you for a loan amount that is around 3-5 times your annual income. It's best to speak with a lender to get an accurate estimate based on your specific financial situation.


Are you eligible for a loan?

To determine if you are eligible for a loan, you need to meet certain criteria set by the lender, such as having a good credit score, stable income, and a low debt-to-income ratio.


How can I determine if I am preapproved for a mortgage?

To determine if you are preapproved for a mortgage, you can contact a lender and provide them with your financial information, such as income, credit score, and debt. The lender will then assess your financial situation and let you know if you qualify for a preapproval.


What are the steps in the credit granting process?

The credit granting process typically involves several key steps: Application Submission: The potential borrower submits a credit application, providing personal and financial information. Credit Evaluation: The lender reviews the application, checks the borrower's credit history and score, assesses income and debt levels, and evaluates any collateral if applicable. Decision Making: Based on the evaluation, the lender decides whether to approve or deny the credit request and determines the terms if approved. Agreement and Disbursement: If approved, the borrower signs a credit agreement outlining the terms, and the lender disburses the funds or extends the credit line.


Can I get approval for a loan?

Approval for a loan depends on various factors such as your credit score, income, and debt-to-income ratio. You will need to apply for a loan and the lender will assess your financial situation to determine if you qualify.


What is the maximum amount that I can get approved for?

The maximum amount you can get approved for depends on various factors such as your income, credit score, and the lender's policies. It is recommended to speak with a financial advisor or lender to determine the specific amount you may be eligible for.


What is the process for obtaining preapproval for a mortgage?

To obtain preapproval for a mortgage, you need to submit an application to a lender. The lender will review your financial information, such as income, credit score, and debt. If you meet the requirements, the lender will provide a preapproval letter stating the amount you can borrow.


How can a lender judge your capacity?

A lender can judge your capacity by assessing your income, employment stability, debt-to-income ratio, and overall financial situation. They may also consider your credit score and history of managing debt. This information helps the lender determine if you have the ability to repay the loan.