Lease-Purchase
I have a 10% downpayment but a credit score of 550. Is there someone out there that will approve me? by queencandice228 from Byram, Mississippi. Jun 24th 2010
Akali Dennie (adennie)
#54 ranked lender in Florida - 196 contributions
My advice would be to use up to 6.5% of that downpayment and work on boosting your credit score to 620. Use the other 3.5% for a downpayment on an FHA loan. Depending on your credit situation, this could possibly be accomplished inside of 6 months. I have a nice referral for you to work on everything for you.
Rudi Hofmann (CaPortfolioLoans)
#281 ranked lender in California - 380 contributions
Most brokers can order a report after pulling your credit that will describe what effect certain actions on your part will help bring your score up the fastest. Contact one in your area. .... Happy funding, Rudi
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