I would fix whatever issue is causing my score to be that low before trying to take on more debt, you canâ€™t borrow your way out of debt.
NMLS # 6395
Financing Kentucky One Home at a Time
TOTAL Version 3.2 automated underwriting system (AUS) changes will be installed Saturday evening, March 30th and includes two new review rules listed in the table below. If a loan transaction meets the criteria listed below, the loan will receive a Refer from TOTAL and will require manual underwriting. Please note that some AUS vendors may not have messaging installed in time for this release so a Refer may be received under these circumstances without a corresponding message.
Review Rule 14; Trigger Criteria - the FICO score is less than 620 AND the Back-End Ratio (DTI) is greater than 43. (Score used is the lowest FICO of all borrowersâ€™ median FICO scores. Includes all borrowers with a score)
Review Rule 15; Trigger Criteria - Required Investment is less than zero and the loan is a purchase transaction.
I have a lender contact who has the ability to examine your credit scores and guide you in improving the score sometimes in as little as 60 days depending upon the variables that may be involved.
I would be happy to visit with you further to work with you and a lender in meeting your goals.
Carolina Realty Brokers
Feel free to apply online at http://www.rhlapps.com/kjones or give me a call.