As you have already been told, 555 is very poor. Lenders that deal with a sub-prime borrower will still talk to you, but you will pay a higher interest rate and have higher points for your loans.
We get paid based on percentages and the government regulates the number of points(1pt=1% of loan amt) you do the math, its just as hard to get a 50K loan done as a 2million so there isnt alot of incentive. WHat state are you in??
As you have already been told, 555 is very poor. Lenders that deal with a sub-prime borrower will still talk to you, but you will pay a higher interest rate and have higher points for your loans.
your dead at 500 fico, no one will touch you. You can get loans at 555 but your looking at 90% loans tops, with 2% higher then norm interest rates.
We get paid based on percentages and the government regulates the number of points(1pt=1% of loan amt) you do the math, its just as hard to get a 50K loan done as a 2million so there isnt alot of incentive. WHat state are you in??
walk into any bank and get a second. If its a first Ill do it, I dont mind making only $500.