can i get a homeloan with 520 credit score and no job?

Question

can i get a homeloan with 520 credit score and no job?

Answer 1

Maybe if you can put 40% down.

But without a job, its a tough one.

Try here http://www.regionalmortgages.com

Many lenders will require that you have

life insurance for the balance of the loan.

Check out http://www.insuremylife.org

Answer 2

Why would anyone with a 520 credit score and no job want to buy a house? The answer is likely NO. That particular person displays neither the willingness nor the ability to repay a loan.

Answer 3

If you DO get one you will be socked with HIGH points, and an unbelievably high percentage rate (probably over 8%.) This will lead to high payments for possibly 40 years. With a credit score of 520 it is clear that you are an unreliable risk that has been famous for late payments, deliquent accounts, and possibly one or more repossessions. If I were a loan officer, I wouldn't grant you a loan--you probably won't repay it.

Answer 4

If you can find a partner willing to loan you their credit and if you're able to make the payments then you can get a house.

It's possible but I think your main focus should be getting a job or work on securing a line of income.

Answer 5

VERY VERY doubtfull. my husband and i are buying a house and i am a fulltime student and i am not working right now because im focused on school. and my credit score is higher than my husbands BUT i could not be on the loan because i dont have a job, so the loan had to be in his name only.

Answer 6

I am a broker and chav over 25 programs for scores below 550 score. Jim Mandas

949-310-5345

Answer 7

You need to be able to pay a loan back. If you have no income you won't be able to repay the bank, so they have no reason to loan you the money.

Answer 8

are you kidding? you cant get any loan w/o a job. you have no way to repay. your fico score is barely on the scale. you have alot of work to do to qualify.

Answer 9

My friend...you really should get your priorities straight and get your credit back into shape first. Homeownership is a privlege, not a right.

Answer 10

Nope sorry. Stick to renting

Answer 11

ha ha

Answer 12

No