Quote:
Originally Posted by Alison1632
Does people with poor credit score hold chances for getting a mortgage? Please share your thoughts. Any information will be very helpful.
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How poor is "poor"? You can do it in the 600's, but the terms will be less favorable than with a score in the 700's.
Anything below 600 and you're likely looking at having to make a 30%-50% down payment and paying credit-card-like interest rates such as 10%. Of course if you had no money to even pay your bills on time, chances are you won't have 30% to put down either...
Lenders venturing back into subprime market - latimes
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