Financing in San Francisco>Question Details

Sumita, Renter in San Francisco, CA

Pre-approval for home loan with credit scores of 560 and 730?

Asked by Sumita, San Francisco, CA Wed Feb 13, 2013

The 560 used to be 620 just a few months back but dropped due to posting some credit disputes and one item in collections that was paid. Can we still get a home loan?

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Sheryl Arndt’s answer
Hello Sumita, yes I specialize in Under 640 Fico Score Loans and offer credit repair at no cost to raise fico scores to qualify. If you have any disputes noted on your credit I can get those removed within a week and any collections that are paid updated within 3-4 days. I can raise fico scores within 3-4 days in most cases. I only need to ask a few dozen qeustions to qualify you in minutes for the loan program to fit your needs financially.

Do you have down payment and closing costs? If not, you may consider half percent down payment programs from a minimum 580 fico score which can contribute towards your closing costs as well. If we can get your scores up above minimum640 you may consider another half percent down payment program with a silent second. You can buy with minimum out of pocket expenses. Here are some links to study and consider. I can pre-approve you today and get you out shopping for a home of your choice.
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
NMLS# 297251
9am till 9pm 7 days
0 votes Thank Flag Link Wed Feb 13, 2013
To clarify, one person has a score of 560 and the other has score of mid 700's and both incomes will be used. Can this be done? We have tried to dispute some things in the lower score, but the credit score dropped alot after doing this.

Can we still get a loan approval with these scores?
0 votes Thank Flag Link Wed Feb 13, 2013
Hi Sumita,

Lenders go by the Mid-Fico Score.

The score that you see at your end may not be the real score.

A tri-merged report will give a better pricture.

Keep in mind there a lot of other factors also.

NMLS 327086
0 votes Thank Flag Link Wed Feb 13, 2013
There should be some areas of your credit report that can be fixed or improved. You might want to talk to your mortgage broker/lender and they should be able to lead you through it.
0 votes Thank Flag Link Wed Feb 13, 2013
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