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Credit Score in Minnesota : Real Estate Advice

  • All221
  • Local Info8
  • Home Buying130
  • Home Selling32
  • Market Conditions1

Activity 10
Mon Dec 12, 2016
nicole sharpe asked:
Fri Aug 14, 2015
Vanessafordxd asked:
My boyfriend and I just recently had twins and need to get out on our own. We have been hopping back and forth between our parents house and its not fair for our boys. We keep paying for…
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Tue Jun 30, 2015
Josh Lund answered:
Hello Ms Pettiford.
Good morning.
Lots of great feed back from others. If you have not started the process, or have questions I'd be happy to she if we can help you guys out. Our office is right next to the new MN TWINS stadium. There are many loan programs, and hopefully many loan options for you guys. If you have not found a real estate agent, inspector, or a mortgage person we'd like to offer our help to you.
Have a great 4th of July! Please contact me at:
Josh Lund
MN District Branch Manager
NMLS # 387408
Gold Star Financial Group
Mobile: 612.802.3265
Office: 952.884.5442
eFax: 877.666.0007
Apply now at: www.joshlundmortgage.com
jlund@goldstarfinancial.com
“Like” my professional page on facebook at www.facebook.com/JoshLundMortgage
... more
0 votes 18 answers Share Flag
Tue Jun 30, 2015
Josh Lund answered:
Hello Strawberrygurl7,
Good morning.
Have you had any luck finding a new place? Have you bought a home? We can help you with looking at your CC scores on your report, and actually seeing what is reporting to the agencies. We can then come up with a game plan to see if we can help you. We should also talk about what is your plan to home ownership. We would like to see if we can help with that too.
Please contact me. Have a great 4th of July!
Josh Lund
MN District Branch Manager
NMLS # 387408
Gold Star Financial Group
Mobile: 612.802.3265
Office: 952.884.5442
eFax: 877.666.0007
Apply now at: www.joshlundmortgage.com
jlund@goldstarfinancial.com
“Like” my professional page on facebook at www.facebook.com/JoshLundMortgage
... more
0 votes 3 answers Share Flag
Tue Jul 8, 2014
Carolann asked:
We are planning to purchase a home and found out our current mobile home mortgage is reporting twice on our credit report and it is also saying we had a late payment when we did not!! I…
0 votes 0 Answers Share Flag
Sat Jan 25, 2014
Joel Johnson answered:
You can work with one of many "Credit restoration companies". I've had success with Heartland Credit Restoration in Iowa.
0 votes 16 answers Share Flag
Thu Oct 11, 2012
Trevor Curran answered:
Good morning Jen.art1,

We see many credit reports with low credit scores (anything less than 620), and often many scores in the 500's. This is BAD credit. If you are one of the folks affected by this terrible economy, you have a low credit score and you have a dream of buying a home, here's some simple advice for you.


It is unlikely you could be approved for mortgage financing with that credit score at this time.

Beware of any mortgage professionals promising you an approval with such a low score. Wait on buying a home. I recommend you take the time to resolve your credit issues.

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. 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/bcp/edu/pubs/consumer/credit/cre13.shtm


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
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Mon Oct 8, 2012
Susan Hofflander answered:
Definitely contact a lender who can give you definitive answers on how to get your credit score where you want it to be.

Short of that, just common sense things that will secure a good score would be:
1. Pay your bills on time, never late
2. Whittle down the amounts you owe on credit accounts
3. Do not incur any additional debt until you've achieved your goal
4. If you don't have ANY credit, obtain some sort of credit account and pay it off on time
5. Remain current on any student loans, etc.

Good luck!
... more
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