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Credit Score in Hampton : Real Estate Advice

  • All111
  • Local Info8
  • Home Buying25
  • Home Selling9
  • Market Conditions4

Activity 1
Wed Oct 18, 2017
Frank S. answered:
Hello Jessica, what are you looking to do? You should study RENT vs BUY listings to compare payments. If you need to move quickly you should consider rentals as they have availability for immediate occupancy. The purchase can take 30-45 days to find and close.

If your credit is poor you may need to put additional deposit. You may qualify to buy and pay less than rent in VA. The rentals in 23666 zip code start from $625 for 2bd 1ba apt, no pets.

You may qualify to buy FHA 10% down with fico scores between 500-579 and minimum 580 fico score may consider 3.5% down FHA. Your scores can be raised within 3-4 days in most cases to qualify for programs, rates and terms as necessary.

You should study RENT vs BUY listings to compare payments. Here is a web reference link below...
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