Q:Dear Jerry,

Is it possible to obtain a mortgage with a fico score in the mid 500s, or would we just be wasting our time trying?

Thank you in advance.

 

Brian B.

 

A: Dear Brian:

It would certainly be worth your while to explore your options.  We have successfully helped many customers with low 500 credit scores.  Depending on your individual situation, there are several loan options in which you may qualify.  We have one program in particular that allows you to borrow nearly 100% of the purchase price at a market interest rate.  The best part of the program is that it’s not credit score driven at all.  Good luck to you, I hope you are able to buy the home of your dreams!

 

Sincerely,

Jerry Frost