Home Buying in Vancouver>Question Details

Cory Harris, Home Buyer in Vancouver, WA

My credit scores just over 600-My wifes over 700.We have a steady income w/ no collections.Are we able to qualify for a USDA home loan with my score?

Asked by Cory Harris, Vancouver, WA Thu May 9, 2013

We are looking to purchase in the Ridgefield or Battle Ground area with a USDA loan as soon as possible I need a lender who will work with me as my credit score seems to be the only thing that could potentially hold me back. Hopefully this summer we can get moved, so any help would be greatly appreciated!
Thanks in advance!

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Answers

7
Hi Cory

I work with a lot of buyers being a buyers agent in this USDA area and I recommend Cody Steinmann with Pinnacle Bank and Alpine Mortgage, his number is 360-991-8920, he can be reached weekends, holidays, evenings and just about anytime and why I enjoy working with him. As for your scores, if both are on the loan it is my experience 640 is the minimum lender pulled mid score needed, not a consumer credit pull as those are typically higher. Give him or myself a call as we are always happy to help and help guide through the process.

Thank you

Troy E. Jensen, Broker

Professional Realty Services of Washington, Inc

MBA, BS, BA, AAS, PSS

cell# 360-852-7145

Fax# 360-326-1944

http://www.salmoncreek-realestate.com;
http://www.HomesInNorthwest.com;
http://www.mountvistahomesforsale.com;
http://www.felida-ridgefield-lacenter-realestate.com;

"Everything should be made as simple as possible, but not simpler." Einstein
0 votes Thank Flag Link Mon Jun 17, 2013
Give Chris Berg with Pinnacle Home Mortgage a ring, or email. :-)
503-320-0925 & chris.berg@pmblending.com
We do a lot with the USDA loan and Chris is very excellent with answering questions and assisting buyers get where they need to go. I have been continuously impressed with his communication with and customer service for buyers.
Good luck!
:-)
Tracie DeMars
0 votes Thank Flag Link Mon Jun 17, 2013
All Lenders require a 640 credit score in order to get an automated approval (GUS) through the USDA website. In the event of lower scores, we can request a "Credit Waiver" by submitted that request to the USDA which can delay the normal process as much as an extra week or so. My best recommendation is to call an experienced LO who can help you boost your scores quickly as a back up. I just help some clients raise their score over 75 points so they could get funded on a USDA loan (click on my profile and see recommendations). Please let us know if we can be of service. We are licensed in WA.

Best of Luck!
Web Reference: http://www.AFN-Loans.com
0 votes Thank Flag Link Fri May 10, 2013
Andy Wright at Summit is a pro, and so is Kristin Martha Brown with Mortgage Trust. My clients that have used them have called to thank me...
0 votes Thank Flag Link Fri May 10, 2013
Hi Cory

I deal with this all the time and the lender I have used is Cody Steinmann 360-991-8920. If your scores are a little low he is very good at ways to bring them up. Scores are just one criteria though as you Debt to income(DTI) also plays a large part in qualifications. Give him a call and pick his brain, I have worked with him the past 7 years.
0 votes Thank Flag Link Thu May 9, 2013
What a great question, however as a real estate agent I am going to refer you to Ken Dahlstom he is a local Seinor Loan Officer and can better answer that question for you his number is 360.737.9345,

Have a great day!!
0 votes Thank Flag Link Thu May 9, 2013
Hi Cory--

I don't know for sure that you can qualify, but here are three excellent lenders who will be
able to tell you in a 10 or 15 minute phone interview, and if you can't qualify yet, they will
tell you how to get ready in the quickest way.

Lynn Posselt
Windermere Mortgage
360-6301
lposselt@windermere.com

Rex Jones
Wells Fargo
360-798-7465
rex.e.jones@wellsfargo.com

Matt Elerding
360-608-6288
matt@elerdingteam.com

Good luck!

Janine
0 votes Thank Flag Link Thu May 9, 2013
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