If I can further help you please don't hestitate to contact me.
Century 21 United-Northside
I would choose a very aggressive lender like Kasey Hampton - 210-241-2629 or http://www.DHIMortgage.com/Kasey-Hampton - quick, easy, and free.
She has an inhouse credit clean department that will guide you through any issues that might be there... but she is very aggressive... if it can be done.. she is the one to do it!
Terri Saari, RealtorÂ®
GRI, CNE, SFR, e-Pro, ABR, AHLS, CHMS, CNHS
Certified Relocation Specialist
Retired United States Air Force
Kimberly Howell Properties
21252 Gathering Oak, Ste 100, San Antonio TX 78260
Paying collections can drop your score sometimes.... As it makes the account look more recent.
Credit card balances affect score too.
The more balance you carry the more negative the impact. FICO doesn't like to see credit cards maxed out. We use the term 'Utilization' of credit lines on open accounts when discussing this.
Your scores are good enough for FHA now.
Once over 640, you don't get a great rate.
Email me and I will reply with a free copy of my e-book about credit. I think it might help you.
(214) 763-4629 cell/text/nights/weekends(Really!!)
Lending all across the entire Great State of Texas!!
Search Dallas area MLS for FREE. No registration => http://www.ntreisinnovia.net/cgi-ntr/BR_login?0501134
The scores can fluctuate up or down. Even if you are paying all bills on time, the amount of debt can change your scores if you have made recent purchases or opened new lines of credit (new credit card, new department store card, etc). That being said, the scores you quoted are still good. You sound like you are in great shape to obtain a pre-approval.
Instead of focusing on why you scores have changed, it's best to speak with a competent lender to get pre-approved. I would highly recommend Lisa Warren of SWBC Mortgage to assist you. Here is her info:
Senior Mortgage Banker - SWBC Mortgage
8400 Blanco Rd, Ste 100
San Antonio, TX 78216
She is super easy to work with. Let her know Darrell recommended her and when you are set to find a home, I'll be glad to assist. If you want to speak to her today, Saturday, give me a call and I can get you in contact with her.
Darrell D. Drouillard
Home Team of America
16719 Huebner Rd., Bldg 4
San Antonio, Texas 78248
There are other factors that also help you get approved for a mortgage. DTI (Debt to Income Ratio) also can hinder your chances for getting approved. There is a Front End ratio (mortgage/gross monthly income) that should be below 35% and the Back End Ratio (mortgage and all of your debt/gross monthly income) that should be below 45%. Pleae note that these quotes are estimates and may vary depending on the lender you choose. The more conservative the lender, the lower the ratios tend to be.
I hope this information was helpful to you. If you are ready now, or if you still have some work to do, either way I would love to help you or simply point you in the right direction!
Royce Simmonds, Broker-Owner
Realty Executives Lone Star Inc.
36 Years Air Force Active Service
ABR, CRS, GRI, e-Pro, ALS, ALHS, TAHS, SRES, green, TRLP, REALTOR
RE/MAX North San Antonio
Cell - 210-501-9133
Fax - 210-468-1868
MULTI-MILLION DOLLAR PRODUCER SINCE 2003!
The finest compliment I could ever receive is a referral from your friends and famil