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Probably not, unless you find a specialized lender who will keep the loan in their portfolio (thereby allowing them to ignore the underwriting requirements of the secondary market) and you either have excellent compensating factors or a well qualified co-borrower who will be the primary. In today's credit market, obtaining financing with poor credit is very very difficult if not impossible. You may know you would never default on this debt, but the banks don't know this and your credit profile suggests otherwise.
What else can I help you with?
How does a person qualify for a second mortgage?
If they have enough equity in the property and have enough income to take on more debt.If they have enough equity in the property and have enough income to take on more debt.If they have enough equity in the property and have enough income to take on more debt.If they have enough equity in the property and have enough income to take on more debt.
Can a spouse be required to co-sign under the Equal Credit Opportunity Act?
It depends on some other factors such as whether your credit record and income are strong enough to not require a co-signer.It depends on some other factors such as whether your credit record and income are strong enough to not require a co-signer.It depends on some other factors such as whether your credit record and income are strong enough to not require a co-signer.It depends on some other factors such as whether your credit record and income are strong enough to not require a co-signer.
What are the requirements for obtaining a foreign property loan?
To obtain a foreign property loan, you typically need a good credit score, stable income, a down payment, and may be required to provide additional documentation such as proof of income, employment, and the property's value.
Can a person on ss be a cosigner?
Yes, it's income but need good credit & enough to qualify.
Why do half of tax filers pay no tax?
The simple answer is because they don't make enough income or qualify for refundable tax credits, such as earned income tax credit or additional child tax credit.
If you have good credit but not high income and you are interested in purchasing for investment purposes what are your chances of being approved for a loan?
Pretty good if your credit score is high enough. You possibly could qualify for a "Stated Income" loan. On investment property for a stated income loan you normally would have to have a 10% down payment. You can get into a mortgage loan with a lesser down payment going this route, but, you'll definitely be paying for it in your interest rate.
What are the requirements for obtaining a first time buy to let mortgage?
To obtain a first-time buy-to-let mortgage, you typically need a good credit score, a stable income, a deposit of around 25 of the property's value, and a property that is likely to generate enough rental income to cover the mortgage payments. Lenders may also consider your existing debts and financial commitments.
What are the required documents for applying for a home equity line of credit?
The required documents for applying for a home equity line of credit typically include proof of income, credit history, property appraisal, and identification documents.
Is a credit score of 697 good enough to get a mortgage?
Generally, FHA credit score requirement is 620-640, and 660 for a conventional loan, so yes. The rest depends on your income, debt to income ratio, and down payment.
Can you be held responsible for credit card debt when you do not receive enough money to pay them on fixed income?
Yes. You must not purchase items on credit if you can't afford to pay for them.
What documents do you need for a Home Equity Line of Credit (HELOC)?
To apply for a Home Equity Line of Credit (HELOC), you typically need documents such as proof of income, credit score, property appraisal, mortgage statement, and identification.
What kind of financial statements are required for a credit card application?
They need proof of income, employment and bank statements this is to show that you will have enough money to pay back the credit you have borrowed from the credit card company.
