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Home Buying in 91941 : Real Estate Advice

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  • Home Buying8
  • Home Selling2
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Activity 4
Mon Aug 27, 2012
Hi Sao_angelina,

Most lenders require a 620 or better middle credit score for a VA mortgage.

Please ignore most of Trevor's "advice" as it will not help you increase your scores in the short term.

When dealing with collection accounts, it's important to look at when the account was last reported. The older it is the less affect it has on your scores. This is why you do not want to follow Trevor's advice. If the collection account is 2 or 3 years old and you pay it off, when the collection agency re-reports the account to show it now has a zero balance, your score will go down.

Here's a blog I wrote here on Trulia about credit repair.

You need to work with a mortgage professional who will review your credit report and give you an outline of what you need to do to get your scores up.

Please feel free to contact me for more information or help. You can also find info on my VA Mortgage website by clicking the link below.

John Burke
Senior Mortgage Banker
ENG Lending
... more
0 votes 5 answers Share Flag
Tue Mar 6, 2012
Victoria Hyatt answered:
Based on the info you have given you should qualify now to purchse with an FHA loan, 3.5% down. There are many lenders available who would be happy to review your credit and employment history to tell you exactly what you qualify for. I can highly recommend Carl Kahn with Amerifirst (760) 504-3655 Cell . He has helped me to close many transactions, even tricky ones where there has been a bankruptcy.

If you would like to discuss your options further or begin your home search in La Mesa, please give me a call or email and I will be happy to help!

or go to to begin your home search like a real estate agent for free.

Victoria Hyatt
US Premier Realty, Inc.
... more
0 votes 8 answers Share Flag
Tue Apr 5, 2011
Jason Lopez answered:
Great question, especially in this market! I included a link to a video I posted recently on things to consider when it comes to resale value...which is a backwards way of looking at what might be important to buyers! I also have a video on how how to buy a foreclosure and some info on the Fannie Mae Home Path loan program, which offers some great incentives for buyers. Good luck! ... more
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Sun Oct 17, 2010
David McGhee answered:
Your agent has a fiduciary duty to represent you. Occassionally an agent may represent the buyer and the seller in a transaction, in that case the agent has a fiduciary duty to both parties. The question you need to ask yourself is can an agent who is a party to a transaction seperate his/her personal interests from what is in your best interest. ... more
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