Quote:
Originally Posted by FutureHomeOwnerDreamer
We are looking to purchase a home, we have a few late payments here and there but have consulted with a financial planner/credit repair representative who told us that we really didn't have credit to repair - we have a couple of credit cards that we are working on paying down the balance to below 30% and should have this accomplished within the next 30-45 days but our main issue he told us was that we just don't have enough credit to generate high credit scores. My highest credit score is 587 - we have $10,000 for a down payment and need help finding a mortgage company that will work with us and not put as much approval weight on what our credit score is. We both have a long-term work history, perfect rent history of paying $1600 a month in rent and have great income. Does anyone know of a company that we can work through to get approval for a mortgage?
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There are companies, such as mine, who will lend down to a 500 fico. Not the most gorgeous terms, but still in the Low 5s.
I do not lend in every state, but would be happy to refer you to a couple of lending sources if you like.
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