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    laysman's Avatar
    laysman Posts: 1, Reputation: 1
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    #1

    Jan 16, 2008, 01:58 PM
    Bad credit mortgage
    Can I get a Home loan with no dowm payment and a credit score of 570?
    Dr D's Avatar
    Dr D Posts: 698, Reputation: 127
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    #2

    Jan 16, 2008, 02:19 PM
    I strongly doubt it. The Sub-Prime loans have gone the way of the Dodo Bird. Many of the 100% loans have gone away even for borrowers with good credit. Both FNMA and FHLMC have cut their Loan To Value ratios by 5%, for any property considered to be in a "declining" market. VA still offers 100% financing.
    Fr_Chuck's Avatar
    Fr_Chuck Posts: 81,301, Reputation: 7692
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    #3

    Jan 16, 2008, 03:21 PM
    No, even with a sub prime lender you would still have needed a down payment.
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