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    mstam01's Avatar
    mstam01 Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Dec 2, 2009, 11:31 AM
    Looking to buy a house with no credit or no money down
    Is looking to purchase a house with a crdit score of 567 with experian and no down payment or closing cost
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #2

    Dec 2, 2009, 11:33 AM

    What is your question? Have you talked to mortgage brokers and asked if you qualify?
    justcurious55's Avatar
    justcurious55 Posts: 4,360, Reputation: 790
    Ultra Member
    		  
    #3

    Dec 2, 2009, 11:34 AM

    Um, what's your question? Have you talked to whoever you would be getting a loan from? I have a higher credit score than you, not by much, and I can't even get a credit card. Can I ask how you plan to get a loan for a house?
    mstam01's Avatar
    mstam01 Posts: 2, Reputation: 1
    New Member
    		  
    #4

    Dec 2, 2009, 11:45 AM

    I talk to one company and they denied me! How can I go about getting a loan for a house with my credit score of 567! Is there programs out there that can help me I'm a single mother of 1 daughter age 2
    JudyKayTee's Avatar
    JudyKayTee Posts: 46,503, Reputation: 4600
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    #5

    Dec 2, 2009, 11:46 AM

    I am not aware of any programs specifically to assist single parents (mothers or fathers).

    Times are tough right now - which we all very well know - and brokers aren't taking the chances they once were willing to take.

    Do you work? Do you have sufficient income to support a house? That will be the next question you are asked.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
    Expert
    		  
    #6

    Dec 2, 2009, 06:27 PM

    There are no programs, after all of the foreclosures there and even banks going under, they have tighter guidelines

    Even with some down you still may not with that score.

    But you will need at least 10 percent down and a better score to get a home.

    You could have course try to find some lease to own, or owner finance but even there you will need some money to put as deposit or down
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