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A Curious User
2 years ago
4 years ago we purchased a property via land contract. During that time we blew our credit rating moving locations and starting over with our business. For this reason we can barely buy a car at decent interest rates despite good monthly income. We have paid our land contract payment every month without fail and wish to get a "proper" mortgage but we are afraid that one look at our credit scores will devastate those chances. Is there anyone out there who will grant us a mortgage with (around) prime interest rate?
 
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Joe Wallace
2 years ago
Your FICO scores and other financial qualifications will determine your access to "prime" mortgage loan interest rates. One thing you should consider doing is calling the FHA directly at their toll-free number (1-800 CALL FHA) and request a referral to a local, HUD-approved housing counselor who can help with pre-purchase planning and advice on credit issues before applying.
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