*Loan,banking and credit>>>business credit

Has anyone ever gotten a home loan with low credit scores and only in business less than two years?

5 days agomy score is 560, husbands is 520

(i've been establishing my credit for 6 months now)

we grossed 79,000 for our first year of business

It can happen, depending on what you mean by "low" scores. Basically, when it comes to Mortgages here's a few things to remember:
The 4 "C's" of Mortgages-
1. Credit Report
2. Capacity to pay the loan back-Income
3. Capital/Additional collateral or liquid assets
4. Collateral-The home you are buying or capital
Now, in some cases, the Loan to value and capital can compensate for bad credit and capacity. Just as sometimes credit and capacity can compensate for no capital or collateral. It all depends on your situation. I wish you luck, though! If you have more questions, visit: http://www.gofrf.com
Yes - but your interest rate will be higher than someone with good credit.
I'm a loan officer.
I have a list of some good websites offering Mortage Loans with low Interest rate and fast approval. Its a policy voilation of yahoo if i post any link here.

Just mail me at solidoffer11@yahoo.com with subjet- Mortage Loans. I will send a link of best website where you can find best Loan offers,tips and resources.

best wishes
i got my 1st house with a credit score of 530 and an ARM of 7.49% yes it was high, but i put nothing down and again i was low in credit and just starting out, and the idea is to refi that ARM at the end of the 2-3 yrs period, so now i am at a fixed rate of 6.25 percent which saves hundreds of bucks a month, and a little secret i learned from my lenders and loan officers, get a dulex or triplex so the lender feels a little more secure in knowing you will be getting money in from rents so you have a better chance at paying back the money you borrowed, the lenders love to see you DTI...debt to income ration be below 50, meaning only HALF of what you make monthly is going out on bills...email me if you would like to talk, this has been really successful for me, i am about to sell the house to, bought it at 118 thou, selling it for 200 thous, course it was a duplex and i made it into a 4plex....a nice profit for someone who started with nothing and we ALL HAVE TO HAVE A PLACE TO LIVE, another thing i learned is i borrowed the 118 a heck of a lot easier than i did the 25 thousand for my car, reason being they told me....YOU CAN HIDEA CAR YOU CANT HIDE A HOUSE....i case they gotta "repo" it or in a houses case foreclose on it....
Yeah, you need a good broker working for you to make it happen though. I recommend Smart Choice Mortgage. They do business in most states and are your best opportunity for someone to say yes. ADDITIONALLY, IF YOUR CREDIT IS SUSPECT, THEY SOMETIMES FRONT THE MONEY TO GET YOU INTO A CREDIT RESTORATION PROGRAM SO THAT YOU CAN QUALIFY FOR A LOAN. Check out the free evaluation form at the source website and a Smart Choice loan officer will contact you within 24 hours. Good luck.