where can you get a mortgage with a fico of 583 in georgia?

Asked by Mary, South Turpin Hill, Augusta, GA Mon Nov 8, 2010

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Lori Beardsl…, Mortgage Broker Or Lender, Canton, GA
Mon Nov 8, 2010
The honest answer right now is you can't! You need to talk with a lender or broker who has experience in helping you in your local area to "boost" your credit scores. Without seeing your credit, there is no advice I can give you except that you need to keep your balances below 50% of the high limit, and you need 3 accounts paid on time for the past 12 months. Getting added as an "Authorized user" on a relatives card will boost your score if you get added to an account that is open active and has a very very low balance, and has always been paid on time, with a long history of payment. Good luck to you.
1 vote
Brad Hartman, Mortgage Broker Or Lender, Atlanta, GA
Mon Nov 8, 2010
There are still a few lenders that will finance for borrowers with as low as a 620 score but most require a 640. A good mortgage lender/broker should be able to help you get your scores in the 600's.


Brad Hartman
Web Reference:  http://www.brad-hartman.com
1 vote
Ken Cook, , Atlanta, GA
Mon Nov 8, 2010
From your uncle :) Here's the good news - we have an exclusive inhouse program designed for people who have a few credit bumps especially if they are due to economic hardships that have been overcome. We are number one in Georgia with people applying for DCA loans in part because of this truly amazing program. It is not credit repair and there is no extra cost to the borrower for using it. We only offer it to our clients and we're very competitive in all aspects. We are not a broker, we are a direct lender.


Ken Cook 877-7000-KEN (536)
NMLS ID 208452

Employer: AmericaHomeKey, Inc. 2300 Windy Ridge Parkway, Atlanta GA 30339. Georgia residential mortgage licensee #23191. NMLS ID 15076. Equal housing lender. Subject to errors, omissions and changes. Loans subject to approval
Web Reference:  http://kennycook.com
0 votes
Mark Lackey, Agent, Norcross, GA
Mon Nov 8, 2010
You need a 640 in today’s market. Find a good lender to advise you on what to do to get the score up. It will take some time but will be worth it.

Mark Lackey
Atlanta Housing Source at
Solid Source Realty, Inc.
Associate Broker

Home Buyers & Sellers - http://www.AtlantaHousingSource.com
Property Management – http://www.SolidSourcePM.com
0 votes
Christy Schw…, , Sarasota, FL
Mon Nov 8, 2010
What is the loan scenario? Are you planning on refinancing or purchasing?
0 votes
Christy Schw…, , Sarasota, FL
Mon Nov 8, 2010
What is the loan scenario? Are you planning on refinancing or purchasing?
0 votes
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