a reference from your Minnesota landlord might be helpful, but you may still have to give a hefty deposit, and perhaps pay several months upfront, in order to make any potential landlord feel comfortable with such a low credit score.
meanwhile, you want to try to protect your credit for future. as you're learning, it can be very important.... more
I'm confused by what you're looking for. If you're trying to get pre-approved for a loan, you don't need pay anything to get your credit report. Talk to a lender or morgtage broker, and they will run your credit report, and let you know where you stand.
If you and your wife are co-applicants they will look at both credit scores individually. Sometimes, if one spouse's credit isn't so good, they will sometimes just use the other spouse on the loan app.
Do you need the names of some lenders? Let me know.
Your credit score is the biggest thing right now probably. Plus I believe there is a waiting period.
If you go to the Fair Credit Reporting Act I think you can find info on it there. I've been told 2 years by some lenders, but some lenders say 7 years. You can apply anytime, but whether you can get a loan is another thing. I would talk to someone at your local bank (small community bank) to start with. They tend to be a little more lenient on those who have imperfect credit. You may need to hire your bankruptcy attorney to help you clean up your credit, which will help with your score. Sorry I don't have more info. But every lender is going to have their own inhouse rules for this, at least that's what I've seen.... more
There is a program called Fannie Mae Homestyle but very few lenders offer the program. It is a conventional loan so the down payment amount would likely be 10% if it is the borrowers primary home and 20-25% for investors.
If you do decide to use the 203k loan then let me know and I can help you. Read my website at www.203kloanschicago.com.
David P. Cruickshank
Ardain Mortgage Corp
When anyone runs your credit, their arrangement with the credit score provider prohibits them from giving the actual report to you. However, there is a government regulation that requires the scores be disclosed to you during the mortgage process. You can get your own report, however if you pay for the scores, they will most likely be quite a bit different from the ones that are run for mortgage purposes. If you find out that your score is low, and you trust the person you are working with, ask them if there is anything that you can do to improve your score. Without knowing exactly why you are asking the question, it is difficult to interpret what kind of answer you are looking for here.... more
Hi I'm Marcella Cohen with American Invsco Realty. I work with a team that includes a finance dept working with over 40 lenders, That have a number of diffirent programs available for people just like you. Are you currently working with a realtor? Please let me know I would love to help you find & finance your "Dream" home. To Check out more on me & my Chicago listings visit http://www.ChicagoCityHomeSales.com... more
Leslie Strutuers at Guaranteed Rate can coach you through what you can do (and should not do) to improve your credit score. Her email address is firstname.lastname@example.org or call (773) 290-0360.
Best of luck,
Go to www.myfreecreditreport.com
They will provide you with your credit report and ask you to pay a small fee to obtain your "FICO" credit scores. Visit all three sites and you will have all the information you need.
Good Luck Nikki.
Cindy Vedder, Prudential California Realty... more