As you can tell by now, it's not an easy answer. Your score is only one factor in getting approved for a mortgage. Your income, assets, job time, down payment and which program you apply to can make all the difference. As a formerly licensed lender I have worked with people with much lower scores and other issues to prepare them to qualify for the best available program.
Depending on the reason your score isn't higher; it could be addressed fairly quickly. My suggestion is to seek out a lender willing to work with you and potentially direct you in the best way to achieve your goal. The one factor to consider is that in most cases, the higher you can get your middle score, not only with your chances of approval go up but the rate you will pay will go down, saving you money and affording more house for the payment.
If you need a referral to such a lender, let me know.
You came to the right place!
To find the right home at the right price, you have to know the market. As the expert in local neighborhoods, I can provide information tailored for your specific home search.
Hereâ€™s a good example: I have the resources to evaluate homes in the neighborhoods where you have an interest. This information will educate you on what prices are being paid for homes similar to the ones you are considering.
I know how important it is to have all the information you need to make the right decision. So please donâ€™t hesitate to contact me if you have questions about this service or any other part of your home search. Working together, we make sure that you make the right move.
There are many steps in the home buying process. Itâ€™s easy to miss something that can add significantly to the cost of your home.
Iâ€™m an expert and can help you simplify this process and get the most home for your money. Hereâ€™s how:
I can give you a complete picture of the costs so you know how much home you can afford.
I can help you rule out neighborhoods that donâ€™t fit your needs and find new neighborhoods that do.
I can make sure you have the latest alerts on homes that meet your criteria so other buyers donâ€™t beat you to the punch.
I can keep you informed about whatâ€™s happening in the local market.
I can give you in-depth details on each home.
I can quickly schedule tours and give you specific information on the advantages and drawbacks of each property
I can also help you craft offers, present offers to sellers, and much more. Contact me at (firstname.lastname@example.org) or (206-883-4222) and I can help make the entire process simpler and more cost effective for you. I can help make sure you make the right move.
Give me a call so I can show you around town.
Here's to our success!
Better Homes & Gardens Real Estate
Real Estate Broker
Certified Distress Property Expert
Certified Buyers Agent
As a real estate broker & a loan officer, I can tell you that your credit score is not an issue for an FHA loan. However, there may be some other issues & until I can see your credit report, I cannot tell you if you can get a loan or not. Feel free to contact me directly & I can start the process for you. I hope to hear from you soon.
Good luck to you in any case,
Isaac Real Estate Team
Champions Real Estate Services
TriStar Finance #MLO-107799
Office: 425-483-6849 Cell: 206-841-9976
Winner of Seattle Magazines 5 Star
Real Estate Agent Best in Client Satisfaction Award
Mortgage Loan Originator Best in Client Satisfaction
Coldwell Banker Danforth
One of the best products out there is with GMAC where they pay a large portion of your closing costs. If you'd like more information on that feel free to email me at Rebecca.Mitsui@gmail.com and I can send you the full details.
Broker - The Cascade Team