Is it possible to get a mortgage when one borrower has a credit score BELOW 500?
I was just told my Quicken Loans that since my fiance has a credit score below 500 that he can’t help us. Mine is about 600. With my income alone, I can’t get approved. But with his credit score, I can’t get approved. Any mortgage lenders out there have a clue what I can do?
I would appreciate no CRITISISM by answerers. I don’t need to be judged, thanks. Mind yourself.
I make great income,about 180,000 a year but was hospitalized and got behind mortgage, it effected credit score tremendously. I owe about 430,000 and have 488,000 to 500,000 in eqiuty.I would like to refi and take cash out.