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Credit Score in Arlington : Real Estate Advice

  • All414
  • Local Info38
  • Home Buying114
  • Home Selling17
  • Market Conditions6

Activity 6
Wed Jul 5, 2017
Susie Kay answered:
Kevin,

Best to talk to a lender or two about your situation. You'll probably be able to get a loan but not the best rate.

I'm a local realtor and I'd be happy to connect you with local lenders that I typically work with. They have always been very helpful to my clients and I'm sure they'll help you to. Let me know if you are interested. ... more
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Fri Feb 17, 2017
AmieDignan answered:
here is a video our company did about Fico and Vantage scores. Maybe this will help
0 votes 1 answer Share Flag
Sun Dec 11, 2016
Susie Kay answered:
Hi Luis,

I'm just following up, have received help with your credit and loan?
0 votes 9 answers Share Flag
Sun Aug 9, 2015
Zyre Sullivan answered:
Your score is fine, however a lender would also have to consider your income and debt to income ratio. I have lenders that can get you approved with a 580 credit score or better.
0 votes 2 answers Share Flag
Sun Dec 19, 2010
Scott Butcher answered:
Every bank moves at its own pace so it would likely take between 30-60 days from initial loan application. They will do a much more detailed underwriting than a traditional residential mortgage.

They will look at the rent roll, market study, valuation, building condition, appraisal, environmental assessment (if applicable), and most importantly to the Borrower's creditworthiness (ie. how financially strong & liquid are the loan guarantors). I'm guessing that your buying the property through a single asset LLC or LP, so most time will be spent on the Guarantors financial ability and your track record with other real estate assets to make sure that you will be able to repay the loan.
... more
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Tue May 5, 2009
answered:
You can get one preapproval then ask for a comparison GFE from a couple of more loan officers. Just let them know you are preapproved(and credit score) and shopping.

Pay attention to the fees in the 800s section of the GFE. The rest are not controlled by the loan officer. ... more
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