Credit Score in Michigan : Real Estate Advice

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Melinda J. R…, Real Estate Pro in Hudsonville, MI
Melinda J. Robison answered:
I have a 604 credit score, my fiancee is in the mid 500s. We both have jobs. Can We get financed on a mortgage?
I suggest that you call a loan officer and have a conversation with them. I am not a loan officer, however, I think those scores will be too low for a traditional lender. If one lende ... more
0 votes Share Flag Thu Oct 31, 2013 Credit Score in 48336
Haig Istambo…, Real Estate Pro in Madison Heights, MI
Haig Istamboulian answered:
I have a 616 credit score, thats taking the middle score... would i be approved for a loan?
Hello,

Every lender is different, but getting a loan is NOT just based on a credit score. They base it on income, debt, years on the job, etc.

You should sit down with a lender an ... more
0 votes Share Flag Thu Sep 27, 2012 Credit Score in Belding
Alan Openshaw, Real Estate Pro in Southampton, PA
Alan Openshaw answered:
can I get a mortgage with a credit score of 608 in Pa?
Hello Dana,

Provided that you have sufficient income to cover your monthly debts the answer is yes. You will need also a minimum downpayment.
Give me a call to discuss

Regards,
... more
0 votes Share Flag Mon Aug 6, 2012 Credit Score in Woodhaven
Mike Stawizky,  in 48382
Mike Stawizky answered:
getting into a home with bad credit
Hello Sarah,
Similar guidelines are used in leasing a home as leasing an apartment. The owner will want to see a copy of your credit report. If you don't have a good credit score, ... more
0 votes Share Flag Thu Jul 26, 2012 Credit Score in Waterford
Haig Istambo…, Real Estate Pro in Madison Heights, MI
Haig Istamboulian answered:
Want to buy a house...
Hello,

From everything you state, it sounds like you are very close to qualifying for a mortgage. The only thing that may possibly hold you back is your credit score. Most lenders re ... more
0 votes Share Flag Tue Jun 12, 2012 Credit Score in Lansing
Karen Paytas, Real Estate Pro in Clinton Twp, MI
Karen Paytas answered:
I recently had my bankruptcy discharged, am looking to buy a hud home cash, how can i get a 203K rehab loan?
Angie,

With a recently discharged bankruptcy you will most likely be unable to obtain a mortgage at this time. Depending on the type of loan the wait period is 2 or more years after ... more
0 votes Share Flag Sat Jun 9, 2012 Credit Score in Detroit
Trevor Curran, Real Estate Pro in Great Neck, NY
Trevor Curran answered:
Long question about mortgage and credit.
Good morning Leo,

I recommend getting your credit issues resolved before you begin negotiating for or even looking at homes. I don't really understand how there's revolving debt tha ... more
0 votes Share Flag Tue Apr 17, 2012 Credit Score in 49431
Karen Paytas, Real Estate Pro in Clinton Twp, MI
Karen Paytas answered:
i filed a chapter13 an have been in it almost a yr, changed my mind can i buy a house after 1 yr if i settle my debts
Terese,

You best bet would be to discuss this issue with your attorney. They can give you the best advice.

Good Luck,

Karen Paytas, GRI, CMS
Realtor
Real Living Kee Realty
... more
0 votes Share Flag Sun Feb 26, 2012 Credit Score in Eastpointe
Karen Paytas, Real Estate Pro in Clinton Twp, MI
Karen Paytas answered:
what credit score do i need to buy ahouse that cost 55,000?
Terese,

Good Evening!! Most lenders are requiring a minimum of 620 credit score for a FHA mortgage regardless of the purchase price of the home. If you need the assistance of a buy ... more
0 votes Share Flag Sun Feb 26, 2012 Credit Score in Eastpointe
Jim McCowan, Real Estate Pro in Arlington, VA
Jim McCowan answered:
I really would love to buy a home I am sure that my credit score is low but my husbands is a little better.We both would be first time buyers.
Your best bet wiould be to talk to a few local lenders.
0 votes Share Flag Mon Jan 16, 2012 Credit Score in Detroit
Haig Istambo…, Real Estate Pro in Madison Heights, MI
Haig Istamboulian answered:
Can I get a mortgage with a credit score of 608 in michigan?
Hello,

To answer your question, no a 608 credit score is not high enough to get a mortgage. You are close to qualifying for an FHA loan. Most lenders are going to require a minimum 6 ... more
0 votes Share Flag Mon Dec 19, 2011 Credit Score in Woodhaven
Haig Istambo…, Real Estate Pro in Madison Heights, MI
Haig Istamboulian answered:
can i rent with a credit score of 563?
Hello,

Most properties that are listed for rent will most likely require a credit check. That said it will be up to the owner/landlord to make the final decision. It is not entirely ... more
0 votes Share Flag Tue Dec 6, 2011 Credit Score in Flint
Dan Tabit, Real Estate Pro in Issaquah, WA
Dan Tabit answered:
Hello, My husband and I had filed bankruptcy discharged in july of 2010 can we buy a new home soon? Our income has improved and my husband is working!
G,
Conventional financing after a BK is typically 2-3 years from discharge date. You'll need reestablished credit, so good job with the car loan, but consider getting a secured ... more
0 votes Share Flag Thu Oct 27, 2011 Credit Score in Harrison Township
Anna M Brocco, Real Estate Pro in Williston Park, NY
Anna M Brocco answered:
Credit score of 627, house costs $19,000 in Flint Michigan. We have 3.5% down, can we get a loan and what kind?
Try the bank you currently do business with, any other smaller community banks, credit unions...
0 votes Share Flag Wed Sep 7, 2011 Credit Score in Flint
Suzanne MacD…, Real Estate Pro in Morristown, NJ
Suzanne MacDowell answered:
Low credit scores...great income...HELP!
I would consult with a mortgage banker, however, I don't know if that will be much help. You may be able to have your mother listed on the deed, etc, as one of the owners, I am no ... more
0 votes Share Flag Sat Aug 13, 2011 Credit Score in Holland
Vera Gonzalez, Real Estate Pro in Sterling Heights, MI
Vera Gonzalez answered:
Will it be possible to get financed for a home with credit scores of 586 575 586 & what can I do to increase my score?!?!?
Tee,

The best thing for you to do is get advice from a reputable mortgage person or bank. Work on a plan to get you to where you need to be and follow it!

Good Luck,

vera
0 votes Share Flag Thu Jun 16, 2011 Credit Score in Michigan
Michael Emery,  in Minneapolis, MN
Michael Emery answered:
my credit is messy but I have cash! what are my options?
Paying all cash.

If you have the cash to buy, no one cares about your credit.

If you need to borrow even a small portion of the amount, it could be a problem.
0 votes Share Flag Sat Apr 21, 2012 Credit Score in 48201
Anna M Brocco, Real Estate Pro in Williston Park, NY
Anna M Brocco answered:
Will DTE remove a negative report on my credit report ?
If for some reason the negative appears on your credit report, do contact the credit bureau(s) and ask for it to be removed...
www.equifax.com
www.transunion.com
www.experian.com
0 votes Share Flag Sat Apr 9, 2011 Credit Score in 48317
Mike Stawizky,  in 48382
Mike Stawizky answered:
my credit score is around 580 would that be good enough to get approval for 30k ?
Hello Tiffany,

Your not alone. I don't know where you went to try and get approved but theyt may be telling you the truth, I can't say without knowing your situation. I do ... more
0 votes Share Flag Mon Jul 23, 2012 Credit Score in Waterford
Sean Dawes, Other/Just Looking in Philadelphia, PA
Sean Dawes answered:
is there some one that can help me get my credit score up so i can get a loan for a house?
Number 1 thing is to reduce any current debt you may have. Credit scores are partly calculated by debt/credit ratio.

Also you want to look over a credit report and see if there are ... more
0 votes Share Flag Mon Nov 18, 2013 Credit Score in Lansing
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