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Updated almost 8 years ago on . Most recent reply

Ron Biggs's profile image
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Ron Biggs
  • Investor
  • from Midlothian, Virginia
  • Member since Jun 29, 2014
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Ron Biggs's profile image
Ron Biggs's profile image
Ron Biggs
  • Investor
  • from Midlothian, Virginia
  • Member since Jun 29, 2014
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Ron Biggs
  • Investor
  • Midlothian, VA
47
Votes |
86
Posts
Private Lending & Conventional Mortgage Advice

Need lender for Tenant Buyer

Ron Biggs
  • Investor
  • Midlothian, VA
Posted

I have 2 tenant buyers in the Richmond VA. area that I would like to help get a mortgage so they can go from tenant to owner. Both have credit scores that are not great at around 600 but have good jobs and incomes.

Any suggestions for them to get a mortgage even if it is for 1 to 2 years while they get their credit in better shape would be helpful!

Thanks in advance for any help!!

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Mark Fulton's profile image
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Mark Fulton
  • from Rocklin, California
  • Member since Jun 1, 2017
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Mark Fulton
  • from Rocklin, California
  • Member since Jun 1, 2017
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Mark Fulton
  • Rocklin, CA
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Mark Fulton
  • Rocklin, CA
Replied

Hi Ron!

Most lenders can do an FHA loan with a 580 minimum FICO score. If they have good jobs and income as you say, they should look into FHA to get pre-approved for a mortgage.

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