Question by Lucky Girl 
: 50,000$ FHA Loan – Poor Credit?
My fiance and I are really wanting to buy this home. It’s listed at 54,900$. We would offer
50,000$ and we would put 3,500$ down. His credit is in the low 600′s or high 500′s. The last two years he has been current on everything he has.. however, this hasn’t improved his credit at all. We are wanting to get 30 year fixed FHA loan. I have heard stories of people saying it’s not their credit that’s the problem, it’s the small loan amount. This house is 1,336 square feet with remodeled everything including new windows, roof, plumbing and electric. We are getting a lot of house for a little money. Do you think this is going to work?
Best answer:
Answer by My Take on It
If you can find a bank that will finance that amount. Many do not take on a small mortgage like that.
As for the credit score, if he is close to a 620, he may be able to get an FHA loan.
Ask your bank or the realtor you are working with if they know of anyone who takes on small mortgages.
Give your answer to this question below!
We too are going through that right now and were told that the best type of loan for that amount would be a USDA loan. We were looking at a property and working with VA and Wells Fargo and the loan was denied on the home for various reasons. We would suggest you steer clear of using either one of those offices!
Gets good money lending service today that will give out loan for
Any purposes, if you are really in need of a loan, just let me know
The amount you need as a loan, and contact me via email address:
(macroloanfirm.everyday@gmail.com)
For the plan of the loan processing and transfer to be spelt out.
If you are faced with stress in the acquisition of a loan that make you
Have sleepless night? Or you have been disappointed by your bank?
Did you need a personal loan to secure a home, car and evaluate the finances?
Contact name: Mr Bello Smith
Note: We offer only Commercial /Small Business Administrative loans(SBA),
Personal /Residential and Mortgage loan at 4% interest; apply for a Minimum
of $2000.00 to a Maximum of $1,000,000.00. Interested applicants should please
contact Us via email:macroloanfirm.everyday@gmail.com
Try and see your self, for our wonderful services that does not exceed 2
Working days for loan processing and just only three (3 )hours of loan
Transfer via bank/check/western; as the whole process is very easy!
Upon your interested response you would be required to send down the following
information’s:
======================================…
FULL NAME:
RESIDENT ADDRESS:
COUNTRY:
TEL:
LOAN AMOUNT AND DURATION:
======================================…