Keep in touch!
Her number is (214) 758-7531
or you can email her tonight: lmthompson@VIPLend.com
She will discuss your financial position with you and if you are not quite ready to buy a home, she will guide you on how to qualify before interest rates rise further.
She works until late at night and will be available when your schedule permits. Once she has worked with you, she will let me know when the FUN part begins in find your home!
Lucy A. Puniwai
(214)783-6416 - Cell
(682-224-8050 - Fax
First to a mortgage office it is not okay to just not pay. I have a wonderful mortgage banker that can help you repair your credit free and help you get into a home. I have worked with him for years and if you do what he says he can get you into a home. It might not be over night but with some work it is possible.
The number you are looking for is 580-600 for minimum scores-keep in mind it is not just based on scores but other factors play a factor.
If you do not already have an agent are would like more information I would love to help you. I work ith a team of professionals that are ready to help. Thanks
Kim Sullivan, RN/Realtor
DFW Fine Properties
GRI, ABR, SFR, e-Pro
Conventional will go down to 620, and again there are major fee add-ons for this type of score. Also, the problem will be if you can get mortgage insurance if your down payment is less than 20%. Most mortgage insurance companies will only go to a 680 score, and that is in "unrestricted markets", other market areas require a higher score.
Most scores have be approx. 620 + with 3.5% or more down payment
Lynn911 Dallas Realtor & Consultant, Loan Officer, Credit Repair Advisor
The Michael Group - Dallas Business Journal Top Ranked Realtors
Integrity First Home Loans
1221 W Campbell Rd, Suite 115
Richardson, TX 75080
NMLS License #209438
my credit used to be fair (667) all sudden this medical bill from 2007 popped up with no notice. i never received any phona call or correspondence. as soon as i found out (jan 24-2011) i called several times to pay it in full but they wont work oit with me and im not trying to reopen on what is now a closed account. oher than that i have no debt i pay my bills. Now i decided to get a credit card, establish something persay and within a few months apply for a small personal loan and maybe after another few months my credit will be good enough for a home loan with out a co signer. im sure by asking a relative they might say yes but i would hate to put anyone in that position and i'll just wait until i can get one on my own... im not interested in rent to own. although people say they are legit, it still feels like a scam to me.
In general a credit score of 640 is good enough for you to qualify for a loan without a co-signer. Of course there are a lot of other factors coming into count, like your debt to income ratio, if you have an outstanding collection, income, employment history, downpayment and the type of loan you are applying for.
The best way to go about it is to talk with a loan officer. I reccommend one you can sit down with, face to face as opposed to the online application.