I have a credit score of 640 and have paid all my bills on time for 4 years. Can I get a home loan?

April 4th, 2009 | by admin |

I am also getting married and my fiance has excellent credit. However, there is a negative on my report from a discover card that was never paid from 5-6 years ago. I was told not to pay this or the reporting will start over from the new date. Should I pay this will it increase my credit score? We want to buy a house next year.

Julian
Share and Enjoy:
  • Digg
  • Sphinn
  • del.icio.us
  • Facebook
  • Mixx
  • Google
  • BarraPunto
  • blinkbits
  • BlinkList
  • blogmarks
  • BlogMemes
  • Blogosphere News

  1. 2 Responses to “I have a credit score of 640 and have paid all my bills on time for 4 years. Can I get a home loan?”

  2. By BMW BFD on Apr 7, 2009 | Reply

    640 is not that great, but you can get a loan with it, just will have high interest.

  3. By Carolinahomerates.com on Apr 7, 2009 | Reply

    100% financing you can with MyCommunity….or HomePossible.
    With FHA you can put 2.25% down and receive better pricing

    Lender also looks at how much you’re borrowing, and if you have any assets

Sorry, comments for this entry are closed at this time.