financing

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triz

financing

Post by triz » Sun Sep 26, 2004 6:22 pm

i have had trouble getting financed for a new home since my credit score is in the 500's i was told that i can either get a mortgage on a preowned or get financed for a home thats in forclosure what route would you go i only have 10 percent to put down

rmurray

Re: financing

Post by rmurray » Mon Sep 27, 2004 5:31 pm

Sounds like you are talking to a Clayton dealer....500 Fico scores are hard to finance...BUT..the FHA will finance a home/land and improvements for these scores if you have a good pay record in the last 12 months...Find a dealer who specializes in FHA and find out if this is for you...

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