Where can I get a mortgage loan with a low credit score of 477?

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8 Comments
  1. Reply
    just a man
    February 18, 2011 at 3:35 am

    Probably nowhere.

  2. Reply
    toya de la hoya
    February 18, 2011 at 4:23 am

    If you do your interest rate will probably have you cursing

  3. Reply
    src50
    February 18, 2011 at 4:50 am

    Its just not going to happen, sorry.

  4. Reply
    daeve930
    February 18, 2011 at 5:12 am

    I don’t think you’re going to find one.

  5. Reply
    Beverly S
    February 18, 2011 at 5:46 am

    477 score means you haven’t paid anyone. There are no loans with less than a 580 score & even a 580 is a low score. You need to clean up your credit before you even think of buying a home. Even the subprime loans required a 580 score & they are gone now. Sorry!

  6. Reply
    Texas McCoy
    February 18, 2011 at 6:41 am

    Try this:

    http://www.hud.gov/buying/loans.cfm

    FHA loans are available for some people with difficult financial situations. I can’t promise it will work, but it is worth a try. The hard part about FHA loans are that they are usually very picky about the condition of the house in question… basically NO fixer-uppers, or they will require things to be fixed BEFORE approving a loan.

    If you are a veteran you can also try to get a VA (veterans) loan.

    With credit that bad, the only other way you can get into your own home is to have someone you trust (such as a parent or sibling, etc) get it for you. What this means is legally the house would be theirs, the title and deed would be in their name, and they are legally responsible for the loan. The bank doesnt care who lives in the house or whose pocket the house payment comes out of, as long as it is there on time. In this situation, you can try to improve your credit score over a few years time, then try to refinance the house in your name exclusively.

    Good luck, I hope this helps

  7. Reply
    adriansmom9
    February 18, 2011 at 6:50 am

    I don’t think you can get a loan but if you e-mail me I can maybe help you get into a house with other options, while repairing your credit.

    • Reply
      Alaina warren
      November 15, 2015 at 9:33 am

      Could I still get one if I had enough money to put down

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