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When will we qualify for a VA or FHA loan? 550 credit score this june, making 45,000 a year?

I make 45,000 a year and have a 550 credit score as of June of this year, and have been on track since then (no late payments or anything derogatory since then) when will I realistically qualify for a VA loan or a FHA loan? What if I got a creditworthy co-signer. My bills are about 0 a month. I have no thought what to do can someone please help.

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This entry was posted on Monday, June 8th, 2009 at 8:22 am and is filed under FHA Credit. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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One Response to “When will we qualify for a VA or FHA loan? 550 credit score this june, making 45,000 a year?”

  1. david b says:
    June 8, 2009 at 8:22 am

    ALL OF YOU ARE INCORRECT…….FHA IS THE WAY TO GO…YOU JUST NEED ABOUT 30 POINTS TO YOUR SCORE….580ISH….AND OF COURSE IT DEPENDS ON WHAT IS CAUSING YOUR SCORE TO BE SO LOW…IF ITS RECENT LATES…YOU HAVE TO HAVE A SOLID EXPLANITION OF WHY YOU ARE LATE….IF ITS HIGH BALANCES ON CREDIT CARDS…YOU CAN PAY THEM DOWN AND GET A RAPID RESCORE AND YOUR NUMBERS WILL MORE THAN LIKELY INCREASE…..THERE ARE PLENTY OF LENDERS OUT THERE THAT CAN AND WILL HELP YOU WITH ALL OF THIS…..LIKE I SAID…FHA IS THE ONLY WAY TO GO…..AND ITS NOT THAT HARD….OF YOU NEED MORE INFORMATION…LET ME KNOW…I CAN GIVE YOU SOME CONTACTS…..

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Tags: co signer,  credit score,  creditworthy co,  fha loan,  late payments, 

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  1. When Will We Qualify For A Va Or Fha Loan? 550 Credit Score This ...

    I make 45000 a year and have a 550 credit score as of June of this year, and have been on track since then (no late payments or anything derogatory since then) when will I realistically qualify for a VA loan or a FHA loan? ...

  1. When Will We Qualify For A Va Or Fha Loan? 550 Credit Score This ?

    I make 45000 a year and have a 550 credit score as of June of this year, and have been on track since then (no late payments or anything derogatory since then)