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Old 11-13-2009, 11:31 AM
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Default Would I be able to get a loan?

Okay, say if I wanted to get a loan for 200,000-300,000 dollars for a boarding kennel and house. Would I be able to get if for no money down if I had good credit? Or would I be able to get it for a down payment of around 20,000 to 25,000? If not, how much would I have to have?

What would my credit score have to be like?

At the time I would want to get the loan, I'd have a job as a nanny for 2 or 3 years, but obviously, once I get the loan, I wouldn't be a nanny anymore, so I'd have to prove to them I could pay it with how much the boarding kennel is making at the time I apply for the loan, right? About how much would it have to make?

Also, would age matter? If I applied for a loan when I am 21 or 22, would they think I was too young?

I know this might be a hard question to answer, but any opinion would be greatly appreciated.
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Old 11-13-2009, 11:31 AM
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No money down loans are over. You'll need at least 15% down, usually 20 and excellent credit.
You'd need an income close to 60,000 a year to afford that much debt.
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