Trulia Community - Advice from neighbors and local experts

Find Your Community
We couldn't find that location. Please try again.
Get Expert Advice

Credit Score in Atlanta : Real Estate Advice

  • All3K
  • Local Info353
  • Home Buying1K
  • Home Selling138
  • Market Conditions99

Activity 15
Sat Feb 18, 2017
Annmpauluk answered:
Do not trust Richard El Bey with your money. He cannot provide any loan.
0 votes 17 answers Share Flag
Mon Sep 26, 2016
Solomon Greene answered:
Hi Ms. Brown

Please have a look at the article at the link below. You may be able to find something in a rent-to-own arrangement with no obligation to buy much closer into Cobb County than you originally thought. Would love the opportunity to speak with you about it.

Thanks
Solomon Greene
678-775-2677
... more
0 votes 1 answer Share Flag
Thu Jun 23, 2016
Jasmine Lewis asked:
I recently received my prequalification for a home loan my credit score of 592 I have paid off my credit cards to have a utilization of less than 20% will I have a shot of increasing my…
0 votes 0 Answers Share Flag
Tue May 10, 2016
Brittani Mannings answered:
You can get Pre-approved with a credit score as low as 580 and get down payment assistance with a score of 620 or better. However you must meet the other requirements as well, as far as employment and debt-to-income ratio. If your still in the market to purchase and would like to be connected to my preferred lender to weigh out your options, contact me. ... more
0 votes 2 answers Share Flag
Sat Jan 16, 2016
Ardhm55 asked:
I was suppose to receive information to cancel the monthly fee if I did not want to continue with the monthly program. I did not receive any information to cancel. As of this morning (1-16-16)…
0 votes 0 Answers Share Flag
Fri Nov 20, 2015
Samira2424 answered:
I used a company call Approved Credit, www.approvedcreditconsultants.com because of their service my credit score is now a 740, there email is info@approvedcreditconsultants.com she offers free consultation so it can't hurt to check them out, or if you don't want to pay someone to do the disputes for you, you can do a little research and do it yourself, good luck to you ... more
0 votes 2 answers Share Flag
Wed Sep 2, 2015
Jeri Patrick answered:
I would contact a local lender to see what type of loan you can qualify for. Best of luck
0 votes 3 answers Share Flag
Sun Mar 22, 2015
Rodney Mason answered:
Hi Gaylynn,
For an FHA or VA mortgage, most lenders have required a 640+ credit score since 2008/2009. Prospect Mortgage is one of the few direct lenders to offer an FHA or VA 580-639 FICO loan program.

Regards,
Rodney Mason, NMLS #151088
Sr Loan Officer
Prospect Mortgage
825 Juniper St NE, Atlanta, GA 30308
Office: (404) 591-2453
rodney.mason@prospectmtg.com
Apply Online at www.rodneymason.com
Licensed in AL, GA, & TN with over a decade of mortgage lending experience.

Prospect Mortgage offers a full selection of mortgage programs including:
Conventional | FHA/VA 580-639 FICO | FHA 203(k) Renovation (Streamline & Consultant) | HomeStyle® Renovation | USDA | GA Dream | Jumbo Financing.
... more
0 votes 3 answers Share Flag
Fri Sep 12, 2014
Keith Jean-Pierre answered:
I would suggest you try the regular rental sites:

http://www.craigslist.com
http://www.apartments.com
http://www.trulia.com (Rentals Section)
http://www.zillow.com (Rentals Section)
http://www.realtor.com (Rentals Section)

Between all of those, you will get a very clear picture if you can find what you are looking for. Good luck!
... more
0 votes 1 answer Share Flag
Sun Mar 9, 2014
Michael Abramsky answered:
Call around and find out if any of the apartment building you like use the following services:
- CoreLogic SafeRent
- LexisNexis Screening Solutions Inc. Resident History Report
- Leasing Desk (Real Page)
- Tenant Data Services

These are 4 rental reporting agencies and odds are, if your landlord uses them, you will have a better chance at being approved for an apartment.

http://www.creditfirm.net/tag/rental-credit-reports

Good Luck
... more
1 vote 1 answer Share Flag
Thu Apr 4, 2013
Chris Irvin answered:
Several banks will provide a credit analysis at no charge for their customers, I know Wells Fargo was offering this a recently as last month. After they provide your credit report they will try to enroll you in their credit monitoring service for a fee, but it’s not required for you to enroll. If you are looking to apply for a mortgage I'd recommend talking with a mortgage professional and have them pull your credit and review it with you. There are many more things that will have an effect on your eligibility than just score a reputable lender can advise you on how to get your profile where it needs to be for the purpose you desire.

Sincerely,

Chris Irvin
Mortgage Banker
Brand Mortgage
NMLS # 75615/465546
678.251.7889
cirvin@brandmortgage.com
www.chrisirvin.com
... more
0 votes 6 answers Share Flag
Wed Feb 27, 2013
Sunface21 answered:
thanks for all the answers everyone! KC I will be calling you later this week to discuss! :]
1 vote 6 answers Share Flag
Mon Mar 19, 2012
Jonathan Cundiff answered:
The credit scoring for mortgage is typically based on the Tri-Merge credit report. This report contains the scoring from information in the credit bureaus repositories - Equifax, Experian, and TransUnion.

For couples the bank will use the lowest middle score of the two co-applicants for scoring. For example Borrower1 has 700,720,730 and Borrower2 has 710,715,725. The score is the middle score for the lower borrower or 715 for scoring. (Borrower2s middle score).

For a mortgage application, its best to consult with a loan officer who can discuss the pros and cons of applying together or separately.

Keep in mind, that you can combine the income for the application, but you have to combine the liabilities and debts as well.

Let me know if you have any questions, I’d be happy to answer them!

Jonathan Cundiff
Mortgage Consultant
NMLSR ID 448285
Wells Fargo Home Mortgage | 464 Cherokee Ave Se | Atlanta, GA 30312
Tel (404) 610-1011 | Fax (877) 302-9968
Jonathan.R.Cundiff@wellsfargo.com
... more
0 votes 4 answers Share Flag
Thu Dec 15, 2011
William Polack answered:
If you have zero credit with no collections and no score, you can buy a house as long as you can show alternative lines of credit (phone/car insurance/electric/gas) etc for 12 months history). I believe Wells Fargo offers that program. ... more
0 votes 8 answers Share Flag
Mon Dec 5, 2011
Trevor Curran answered:
First, settle any outstanding debt. If you owe money on collection accounts, charge-offs and/or judgments, make payment arrangements and get these accounts paid promptly.

Next, begin rebuilding your credit. If you have current accounts with good payment histories, or even some previous late-payment-blemishes, make sure you continue to pay those accounts on time. If you do not have any existing credit accounts then you'll need to establish several in order to create a viable credit history.

I have found that CONSUMER ACTION is an excellent resource for objective advice on all things credit related. You'll find free and sincere advice on everything from settling collection accounts to rebuilding credit to building credit from scratch on their website. http://www.consumer-action.org

Beware of anyone offering to "repair" your credit! The Federal Trade Commission issued a stern warning last year that such offers are scams. Find more from the FTC HERE. http://www.ftc.gov

The best way to buy a home is to have a decent credit history combined with sufficient Income and Assets for a home purchase.

The best way to have a decent credit history is to settle negative outstanding obligations and pay all your bills on time for at least two years.

Trevor Curran
NMLS #40140
... more
0 votes 6 answers Share Flag
Search Advice
Search

Followers

884