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Home Buying in 78503 : Real Estate Advice

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Activity 8
Sun Aug 23, 2015
Jessica Bateman answered:
FHA requires a 580 score, so you should be ok.. The Lenders Network has several lenders that can go down to a 580. Good luck!
2 votes 31 answers Share Flag
Wed Aug 12, 2015
Matt answered:
We do standard FHA & VA financing down to a 580 credit score.

5 Star Zillow Profile:https://www.zillow.com/profile/matt802/
0 votes 10 answers Share Flag
Fri Nov 30, 2012
Beverly Jones answered:
Hi!

First of all...is your FICO 638 BEFORE or AFTER the new collection account??? You would be required to pay the collection off in full and have it reported paid in full. Then we wait to see what that actually does to your score. The reporting of a new collection automatically lowers your score. When you pay the collection off, it usually lowers it again. Then the longer you maintain good, on-time payments, the closer you will get to becoming eligible for a USDA loan. USDA now requires all credit scores to be a minimum of 640... Let me take that back...All of the investors will no longer buy loans with scores under 640.

I would be more than happy to work with you on your credit. Sometimes it's a slow process. The general rule of thumb is most government loans require on-time payments within the last 12 months...but I have gotten many loans approved in a much shorter time. My best/earliest guess, without seeing your credit, would be 90 days...

Please call me at 832.419.2767 or 1.877.933.0036 X 300 or ask for Beverly
... more
0 votes 1 answer Share Flag
Thu Nov 29, 2012
Beverly Jones answered:
Hi!

I love first time homebuyers and you should find a real estate agent who loves them too!
Truthfully, your first step is to contact a VA approved lender (I am) and get prequalified. This can be done over the phone in a matter of mintues. I will get your information, pull & analyze your credit, and let you know how much your are prequalified for within about 30 minutes.

If you don't already know what your credit scores are, we need to find that out first!

I would love the opportunity to talk with you and help you get your first home!

Please call me at 832.419.2767 or 1.877.933.0036 X 300 or ask for Beverly. Email me at beverlyj@fairwaymc.com
... more
0 votes 6 answers Share Flag
Thu Nov 29, 2012
Beverly Jones answered:
Rudy, It sounds like you are headed in the right direction! It's not easy to answer credit questions without actually seeing or pulling your credit report . Most of the biggest problems to hurdle or overcome on credit is excessive past dues, collections, charge-offs, repossessions, foreclosures and/or bankruptcies. If you've had any of those, there are certain guidelines and timeframes we have to follow before your credit is cured or fixed.

I would be more than happy to talk to you at length about your credit!
Please feel free to call me 832.419.2767 (cell) or 877.933.0036 ext 300 or ask for Beverly Jones.

I look forward to talking to you and working with you!
... more
0 votes 2 answers Share Flag
Thu Feb 10, 2011
Nanci Zimmerman answered:
According to the Federal Trade Commission, you can download a credit report request at www.ftc.gov/credit and mail your request to the Annual Credit Report Request at PO Box 105281, Atlanta, GA 105281. You can receive one free credit report from all three- Equifax/Experian/Transunion one time each year.

You can also go to annualcreditreport.com and order it there as well. For more information go to ftc.gov/credit and select "Your Access to Free Credit Reports."

Thanks
Nanci
... more
0 votes 6 answers Share Flag
Mon Jul 12, 2010
Ashley K answered:
Tony,

Bill is right that a lender should be able to take a look at your score and potentially raise it enough to qualify. I also agree that the HUD $100 down program would be a much better option for you than a home-path. If you have any more questions or would like help with this, feel free to contact me. Thank you!

Ashley
469-474-9694
... more
0 votes 2 answers Share Flag
Mon Jan 25, 2010
Tommy Burris answered:
This plan has not been thought thru it seems.
First of all.... the 540 would likely keep the loan from being approved.
Does he qualify for the $6500 credit?
0 votes 4 answers Share Flag
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