Credit Score in Apple Valley>Question Details

MARIO, Home Owner in Apple Valley, CA

My credit score is 618 and my wife s 644. We applied for home equity loan on 350 000 paid off house. We did not get it.

Asked by MARIO, Apple Valley, CA Tue Feb 19, 2013

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Yes you can get approved with a 618! You probably don't need to get your scores up anymore. There are a few Lenders that can do a 600 mid score home loan. They just aren't always easy to find and some try to over charge you on the rate and fee's. I have had a lot of my clients with 580-600 scores approved for a home loan with The Lenders Network, not bad rates either.
1 vote Thank Flag Link Fri Aug 16, 2013
Hello Mario, How much cash out are you looking for? I specialize in Under 640 Fico Score Loans and offer credit repair at no cost to raise fico scores to qualify. It only takes a few dozen questions to qualify you in minutes. Here are some links to study and consider.

http://www.under640ficoscoreloans.com/Pages/Refinance.aspx

http://www.under640ficoscoreloans.com/Pages/ContactSheryl.aspx
Sheryl Arndt, Real Estate Broker - Sr. Loan Officer CA only
REO & Short Sale Specialist
Credit Repair At No Cost
ALL Loan Programs Available
20+ Years Experience
DRE# 01140252
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760-486-4225
9am till 9pm 7 days
http://youtu.be/MrygA2_8fAY
0 votes Thank Flag Link Tue Feb 19, 2013
So...what is your question?
0 votes Thank Flag Link Tue Feb 19, 2013
You may talk to a mortgage banker to get the advice about getting mortgage.
0 votes Thank Flag Link Tue Feb 19, 2013
Hi Mario,

Ben gives good advice. You need to work on improving your credit scores. You could also try a different lender, but it would still be best to improve your scores and then reapply for the loan. Your scoares are not great. If they were 100 points higher, you would have been approved.
0 votes Thank Flag Link Tue Feb 19, 2013
Hello Mario,

Credit is tight these days. Folks who could get loans with ease a few year sagao are finding it very difficult now.

There may be other factors other than your credit scores. I would consult with a mortgage consultant and find out what you can do to increase your overall chances of securing a loan at a later date.

Best of Luck to You!!!

Kawain Payne, Realtor
0 votes Thank Flag Link Tue Feb 19, 2013
Different lenders have different guide lines. It's an interview process ......you can talk to other lenders and ask them if your circumstances meets their guidelines and do their terms meet your expectation. In other words make some phone calls and find someone else.
0 votes Thank Flag Link Tue Feb 19, 2013
There are ways to increase your credit score. I would focus on them, and reapply in 6 months.
0 votes Thank Flag Link Tue Feb 19, 2013
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