IF your credit score is a 780 you should have no problem obtaining financing for your mortgage, if the 780 is your Vantage score then I would suggest contacting Brent Mendelson, he's helped some of my client with challenged credit obtain financing.
You can find his trulia page here: http://www.trulia.com/profile/mdmortgage/
He's a good guy and very responsive.
Best of luck to you!
If the other credit bureaus give you a better rating, you may be able to qualify for a good rate using the better score.
If your score does indeed need improvement, the quickest way to do so may be to challenge your score. The credit bureaus often have outdated information (for example, leaving in negative information which has passed its statute of limitation or which has since been corrected), wrong information, or information which does not have adequate documentation. It's not a user-friendly process, so it would likely be well worth your while to hire a professional. I've heard good things about Asset Protection Services - http://www.vrtmg.com/tgreen10 - but you can do a web search to see which companies sound like your best option.
Let me know if you have questions or could use some assistance in finding good lenders or home buying assistance programs.
Stages Premier, RealtorsÂ® of Washington
Something else that will affect you rate on a condo, if you are not going FHA, is whether you put only 20% down or 25% down. You can also split the loan up to be a 75-5-20, if you only have 20%, so you get better pricing on the 1st mortgage.
That being said, if you are looking to buy a condo your first step is to get Pre-Approved for a mortgage. You can read about that here: http://www.trulia.com/blog/elliott_r_oliva/2013/02/are_you_p
Are you looking to purchase in DC or in other areas?
Realtor |â€œServicio en Espanolâ€
703.344.8153 direct | 703.636.7300 office
Keller Williams â€“ McLean 6820 Elm St. #100 McLean, VA 22101
National Association of Hispanic Real Estate Professional (NAHREP)
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