Your main goal is to make sure you are doing what is necessary to improve your credit and until you fully understand your credit profile your scores will stay where they are. So find a lender who will take the time to get you where you need to be.
REALTORÂ® | Mortgage Broker
Keller Williams Realty | 360 Lending Group
Hard road: Dealing with a credit repair specialist to get your score above 640, so that you'll have a lot more options.
Harder road: Getting a mortgage with less than a 640 score.
Hardest road: Doing nothing and never getting what you want.
Best of luck and let me know if I can help.
I wish you & your husband the best!
Tamika A. Goree
Halo Group Realty, LLC
You will be hard pressed to qualify for a conventional loan with your credit score, HOWEVER, the good news is that you will qualify for an FHA loan even with your credit scores & still get a very good rate. You can do this with only 3.5% down, provided your debt-to-income ratio meets the guidelines. With $30,000 saved up, you could buy a new home and pay off most of your debt.
All the best,
Roswell Moore, CMPS
Certified Mortgage Planner
We are a Direct Lender, Mortgage Bank where we originate, process, underwrite, fund, AND SERVICE our loans, in-house, with FHA (starting at a 580 score AND still only 3.5% down), FHA Streamline loans (NO minimum credit score, NO appraisal required) Go Green rehab loans, HomePath, Investor Friendly (10 financed properties), VA, USDA, Jumbo, Conventional, plus, we allow Escrow HoldBacks!
Henry J Daniels - Sr. Mortgage Banker & CMPSI Certified Mortgage Coach
"Educating you to make the right financial choices for your family today and tomorrow"
Direct/Text: (936) 228-1944
Fax: (832) 217-3033
Learn about me and connect at HenryJDaniels.com
I also have a great lender that will work with you if your credit needs some repairing.
Don't hesitate to contact me with any questions, it would be my pleasure to assist you
REALM Real Estate Professionals