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Would I be turned down a good mortgage loan?

Dec 11, 2009 bad credit loan mortgage

I’m a divorced mother of two. I make 46,000 a year, ,000 worth of debt and a credit score of 710. I’ve been told by "people" that I couldn’t get a good interest rate b/c of my debt. I’ll be looking for a home (I’m renting now) come February. Am I condsidered a bad risk?

This entry was posted on Friday, December 11th, 2009 at 9:47 am and is filed under bad credit loan mortgage. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response to “Would I be turned down a good mortgage loan?”

  1. dolly3371 Says:

    December 11th, 2009 at 9:47 am

    Check out FHA loans…you should qualify, and the rates are GOOD…you may even be able to get into a home with little or no money down…make sure that if you use a mortgage broker that they are able to do FHA loans, as they must be licensed to do them, and most are not.