A score of 641 is usually good for a VA Loan and possibly FHA depending on the lender.
A score should be higher if a conventional loan because of the Private Mortgage Insurance requirements. You might not have to pay off the collection if you can show a history of making payments on the action. Since I am not a lending professional, these are questions best answered by them. Give me a call or email and I will be glad to share the names of some lenders so you can shop around for a loan. I would also be glad to help with your home buying adventure once we make sure you are qualified. Having a prequalification letter is key to making an offer on any home in the Augusta area. And the fun begins.... Debbie
Debbie Franco - Realtor, CNAS
Better Homes & Gardens Real Estate - EP
If you are looking to purchase a property, working with a knowledgeable and seasoned loan officer is critical in today's market. Getting Pre-Qualified is the only way for you to find out your mortgage options. To get Pre-Qualified for your purchase, you can submit your request online at http://www.rodneymason.com.
Rodney Mason, NMLS #151088
Sr Loan Officer
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
Apply Online at http://www.rodneymason.com
Licensed in Alabama & Georgia with over a decade of mortgage lending experience.
Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA | FHA 580-639 FICO | FHA 203K Renovation (Streamline & Consultant) | HomePathÂ® | HomePathÂ® Renovation | HomeStyleÂ® Renovation | VA | USDA | GA Dream | Jumbo Financing.