Home Buying in Frisco>Question Details

Dustin H, Other/Just Looking in 75019

Mortgage approval??

Asked by Dustin H, 75019 Sat Mar 31, 2012

I am looking to purchase a home in the next 6 months and was curious in today's market if I could get approved for anything with my 620-660 fico... I am trying to test the waters and see what my options are before we resign our apt lease in October.. Any help is much appreciated!

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6
Bruce is right.
Get pre-approved sooner than later. That way you have time to deal with any issues.
Let me know if I can answer any more questions.



Tom Burris
Mortgage Banker
DallasLoanGuy.com
(214) 763-4629 cell/text/nights/weekends(Really!!)
tomburris@dallasloanguy.com
Lending all across the entire Great State of Texas!!
NMLS# 335055
Search Dallas area MLS for FREE. No registration => http://www.ntreisinnovia.net/cgi-ntr/BR_login?0501134
2 votes Thank Flag Link Mon Apr 2, 2012
Dustin,

If you need someone to work with you that is local, Tom is a great resource to speak with about mortgages.

It's more than real estate. It's RAYL-Estate!

Brian Rayl
Keller Williams Elite
972-949-4222
Brian@Rayl-Estate.com
http://BrianRayl.com
1 vote Thank Flag Link Fri Apr 20, 2012
There is more to it than credit score, but that's a great start.
I'd probably try to get preapproved now.

That way if there is a credit score cutoff to get a better interest rate, maybe you can work on it now.
The loan officer can also give you an idea of what money you will need for down payment and closing costs so you can start planning for that.

Also if there is anything negative on your credit you have time to get it removed.

You'll need another update closer to your purchase date, but I would try now.

If you need a great loan officer, let me know and I will get you a referral.
1 vote Thank Flag Link Sun Apr 1, 2012
Bruce Lynn, Real Estate Pro in Coppell, TX
MVP'08
Contact
Have your Realtor introduce you to the loan officer they trust the most. Gather all of the support documents that will be needed to apply for a loan and meet with the LO face-to-face, have them walk you through the process and options available, good luck, home this helps,
Web Reference: http://jamessimms.com/
0 votes Thank Flag Link Sat Mar 31, 2012
Hi Dustin - I copied my previous response to you here:

I have a lender that I refer my clients to all the time and he is really good. His name is Larry Brand at Supreme Lending. His number is (214) 298-6635. I would suggest that you call him as he is also a mortgage consultant and will give advice if there's anything you can do now to improve your credit score.

Credit score is not the only factor that a lender considers; your employment, how long you've been in the same line of job, your payment history, bankruptcy and the list goes on.

When you are ready to purchase a home please call me. My references are available upon request!

Thank you!

Susie Kay, GRI, CHMS, SFR
Realtor®
Residential/Commercial/Investment
English-Indonesian-Hokkien
------------------------------------------------------------------
United Real Estate
III Lincoln Centre, 5430 LBJ Freeway #280
Dallas, TX 78240
469-371-2899
susie_k@att.net
http://www.dfwdreamhomes.net

Servicing your real estate need is my priority!
0 votes Thank Flag Link Sat Mar 31, 2012
Potentially ...it depends on more than credit score.
Let's get you set up with a loan officer to run the scores and look at your entire situation.
0 votes Thank Flag Link Sat Mar 31, 2012
Bruce Lynn, Real Estate Pro in Coppell, TX
MVP'08
Contact
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