Want to purchase a home in SA TX with 610 credit score and a VA Loan. I pay $1400 a month rent for 3 yrs. Is it possible to get a loan?

Asked by Pamela Mitchell, San Antonio, TX Sat Jun 23, 2012

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Jason Campbell’s answer
Jason Campbe…, Agent, San Antonio, TX
Tue Jun 26, 2012
The quick answer to that question is YES!

You can qualify for a VA Texas Vet loan with scores down to a 580. Rates today are at 2.88% fixed... NICE!!!

Go here (and you can thank me later): http://www.DHIMortgage.com/Kasey-Hampton - quick, easy, and free.

Once you have that out of the way... I'll pull you a list of all the homes that fit what you are looking for in the area you would like to focus on... and we are off popping open doors :)

Easy as pie really...

:)

Jason C Campbell
Option One Real Estate
210-389-5266
.
http://www.SAHomeExpert.com
2 votes
lendersnetwo…, Agent, Plano, TX
Thu Nov 14, 2013
Yes. I know of lenders that can do VA loans with a 580 credit score in TX..
4 votes
Seltue,

You will need a 580 in TX for VA, if you got the 574 score online it's not accurate. You can go to our website and fill out the form or just shot me an email and I will see what I can do.
Flag Mon Nov 18, 2013
I am Active duty in the Army. I have a credit score of 574. According to Equifax, I am a Very High Risk. I am a father of 4 and is married. I am trying to buy a house on VA loan but was turn down due to my credit score. I am working on reducing my debt. Can you help us obtain a VA loan on 574?
Flag Sun Nov 17, 2013
Actually we are way more than a lead generation company we do refer our clients to lenders that can do their loan. We also have a network of over 100 real estate agents we refer clients to.. Many agents refer clients to us, Tom if you want to discuss please call me anytime
Flag Fri Nov 15, 2013
that is a lead generation company. no reputable realtor would send a client there.
you are a fake profile
Flag Fri Nov 15, 2013
Don Groff, Agent, Austin, TX
Sun Jun 24, 2012
Your very close... get with a lender so they can guide you and get your scores up a little. Knowing and understanding how your credit works is vital to ensure you are moving in the right direction.

_______________________________________
Don Groff
REALTOR® | Mortgage Broker
Keller Williams Realty | 360 Lending Group
o 512.669.5599 m 512.633.4157
listings@dongroff.com | http://www.AustinListed.com
2 votes
AMY KARNS, Agent, Plano, TX
Mon Nov 18, 2013
The typical minimum credit score is a 580, you should be in great shape to purchase. Right now VA loans can take 30-60 days to close so you should time this purchase with your lease expiration.
1 vote
J, Agent, Greensboro, NC
Fri Aug 16, 2013
Hi Andrea. I've worked with Keller Williams Realty for over seven years and you are not listed anywhere in the Texas agent directory with Keller Williams Realty or Legacy?

Are you working with a different real estate company? Thanks.
1 vote
Tommy Burris, Mortgage Broker Or Lender, Baton Rouge, LA
Sat Jun 23, 2012
You are close.
Where did you get that score? Do you know all 3?

Do you have any credit card debt that can be paid down?

Utilizing a high % of your credit limit will sink scores pretty hard.
If you can pay that down, you might see at quick 20+ point boost.... Just enough to get you FICO scores high enough.

Please feel free to contact me directly with any follow up questions.


Tom Burris
Mortgage Banker
DallasLoanGuy.com
(214) 763-4629 cell/text/nights/weekends(Really!!)
tomburris@dallasloanguy.com
Lending all across the entire Great State of Texas!!
NMLS# 335055
Search Dallas area MLS for FREE. No registration => http://www.ntreisinnovia.net/cgi-ntr/BR_login?0501134
1 vote
TEAM NINJA, Agent, San Antonio, TX
Tue Feb 25, 2014
Yes, there is. Check out this Mortgage company that only deal w/VA Loans. http://www.veteransunited.com/
0 votes
Barbara Coker, Mortgage Broker Or Lender, San Antonio, TX
Sat Jun 23, 2012
Without knowing more information than you have given us, I can't say for sure. Most lenders won't go below 620, using the mid credit score. In addition, income, size of family, and many other factors go into the final decision. There are often quick ways to bring those scores up, but I'd need to see the report first. I have been a mortgage loan officer in San Antonio for 30 years, and would be honored to help with your mortgage questions. I can be reached on my cell at anytime, 210-842-4185.
Thank you for your service!
Barbara Coker
NMLS#228545
Licensed Mortgage Loan Officer
100% Home Loans All Over Texas For 30 Years!
Web Reference:  http://www.thecokerteam.com
0 votes
Leah McNamara, Agent, San Antonio, TX
Sat Jun 23, 2012
I work with a lender who can get buyers approved when most other can't.

I also have an outstanding buyer benefits program which could save you thousands of dollars across all the key elements of the home buying process.

email me at Broker@BestPracticesRealty.com for full details.

Regards,
Leah McNamara GRI BPOR
Managing Broker
Best Practices Realty
Direct: (210) 745-1411
email: Broker@BestPracticesRealty.com
0 votes
Darrell D. D…, Agent, Schertz, TX
Sat Jun 23, 2012
Hi Pamela!

Lenders will typically look at FICO scores from the 3 credit agencies and then look at other factors as well - this may mean that you're even in better shape than you think. VA loans are awesome because they require 0% down and interest rates are at record lows.

It's best to speak with a competent lender to get a complete picture and get pre-approved. I would highly recommend Lisa Warren of SWBC Mortgage to assist you. Here is her info:

Lisa Warren
Senior Mortgage Banker - SWBC Mortgage
NMLS# 227358
8400 Blanco Rd, Ste 100
San Antonio, TX 78216
210-494-5626
lwarren@swbc.com
http://www.swbcmortgage.com/warren

She is super easy to work with. Let her know Darrell recommended her and when you are set to find a home, I'll be glad to assist. If you want to speak to her today, Saturday, give me a call and I can get you in contact with her.

Regards,

Darrell D. Drouillard
Home Team of America
16719 Huebner Rd., Bldg 4
San Antonio, Texas 78248
210-373-6160
210-881-6760 (Fax)
http://www.dddrealtor.com

'Serving all Your Real Estate Needs'
0 votes
Dallas Texas, Agent, Dallas, TN
Sat Jun 23, 2012
Thank you for your service to our country !

Only the mortgage broker who is reviewing your loan application make that decision.

Lynn911 Dallas Realtor & Consultant, Credit Repair Advisor
Multimillion Dollar Sales Producer
972-699-9111
http://www.lynn911.com

Follow me on Facebook
http://www.facebook.com/lynn911dallas
0 votes
Mike Veith, Agent, San Antonio, TX
Sat Jun 23, 2012
Pamela,

I suggest you give Sean O'Donnell, Senior Mortgage Counselor with Patriot Bank Mortgage, a call @ 210-860-7783 as your very next step. He is honest, knowledgeable and doing it the right way for the right reasons. He has a weekly radio show(search "seanthemortgageguy"), industry respect and unlike most lenders, he works weekends, and has a son in The Marine Corps. Best of luck.

Mike
0 votes
Donald Eyerm…, Agent, Garden Ridge, TX
Sat Jun 23, 2012
yes it is. Don Eyerman 210-380-9290
0 votes
Johnny Willi…, Agent, San Antonio, TX
Sat Jun 23, 2012
Give me a call I have a few lenders who can help you make your goal a reality. My services would be free to you as a buyer.

Best Regards

Johnny E Williams
Web Reference:  http://www.sahomestx.com
0 votes
Jose Novelo, Agent, San Antonio, TX
Sat Jun 23, 2012
Hi Pamela, yes, it is possible. I know lender who can help you. If you want my help for free, please let me know.
Good Luck.
Sincerely,
Jose L. Novelo
0 votes
Cathy McCan…, Agent, boerne, TX
Sat Jun 23, 2012
Sure. There are other things they look at in qualifying you, but it is possible with the information you gave. You need to contact a lender, however, to get the full picture and get pre qualified. I know several that are VA specialists and would love to help you. Call me and I can give you their names. Good luck.
0 votes
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