Can you get a home loan with a credit score of 650?

+1 vote
asked Oct 12, 2017 in Real Estate - Renting by Wiltse (330 points)
Can you get a home loan with a credit score of 650?

I have a credit score of 650 and want to get a home loan to buy my first home instead of renting.

Can I get a home loan with a credit score of 650?

1 Answer

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answered Oct 12, 2017 by remlithium (490 points)
As long as you have enough income to afford the home you want to buy then most likely yes you should get approved for a home loan with the credit score of 650.

You'll need to show proof of your income to the bank and most banks will want you to be at your job or other place of employment for 2 year at least before they will approve you for your home loan.

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