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Posted in Mortgage
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Question By
akperez14

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My credit score is 670, how hard would it be to get a loan for 60,000 to purchase a house?
Is it possible?

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It depends

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Here are some factors:

1. What your income is

2. Where you will apply for the loan

3. Whom (credit analyst) you will speak with and their mood at that time

4. How you are paying your loan(s) within at least the last 6 months

...

Even if you get approved, the most important thing is the interest rate they offer you.

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Yes ur income does play a big role n length of job also any extra investments like 401k, stocks can help. I assume the house appraises for that or hopefully less. One major peice of advice I can give is look for a rural development  loan, FHA. We went to a mortgage broker n not a bank. In 6mos we purchased a home 3/2 with full basement n 8 acres for a grt price. Don't give up!!!!!!!'n

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