Posted on Apr 23, 2020

HB Local Realtors Mission Viejo

Buying A House With Bad Credit!
You’re tired of writing rent checks to your landlord each month. You’d rather buy a house and start building equity with each monthly mortgage payment. But what if you have bad credit? Can you still buy a home with a low FICO® credit score?

Maybe. But you’ll likely face two requirements:

You’ll have to accept a higher interest rate.
You might have to come up with a larger down payment.
What counts as a bad credit score? That depends. FICO credit scores range from a low of 300 to a perfect score of 850. Lenders consider scores of 740 or higher to be top ones. If your score is under 640, though, you might struggle to persuade lenders to loan you mortgage money.
For private consulation call Hadi now!

Hadi Bahadori
949 610 5720
J9M4+24 Mission Viejo, CA, USA
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