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Credit Score in North Carolina : Real Estate Advice

  • All456
  • Local Info33
  • Home Buying251
  • Home Selling49
  • Market Conditions10

Activity 71
Tue Apr 25, 2017
Michelledavis4215 answered:
Hi Milly,

My name is Michelle. I with United Credit Education services. I can help you improve your credit score and get approved for a mortgage within 90 days. Please give me a call or text 678.772.2748 ... more
0 votes 1 answer Share Flag
Tue Mar 28, 2017
Gregg Pomeroy answered:
Hello, I'm a mortgage professional.

You can qualify for a mortgage with a 586 credit score. You would only need a 3.5% down payment and you can roll the closing cost into the loan.

The items you paid off can be updated easily, we have a rapid rescore program. We can update things on your report within a few days. It doesn't cost anything for this service.

Hello, I'm a mortgage professional.

Yes, you can get a VA loan ! No money doena nd you can even roll closing costs into the loan.

If you have any other questions or need help with this you are welcome to get in touch with me.
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0 votes 1 answer Share Flag
Wed Mar 22, 2017
Durham.kendra answered:
My Loan Is Your Loan work with borrowers down to a 550 credit score for VA, FHA, and USDA loans. They have a direct lender who was able to get my loan closed fast. I would check them out. I worked with Brian Young at 2147973479 I would call him super easy and nice he helped before we completed an application.

Myloanyourloan.com
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0 votes 17 answers Share Flag
Wed Feb 22, 2017
Gregg Pomeroy answered:
Hello, I'm a mortgage professional.

You can get a mortgage with as low as a 580 credit score and you would only need 3.5% down payment. You can even roll in closing costs using a sellers concession.

We may be able to just use your husband depending on his income and so forth or I can take a look at your credit and see if we can get your score up quickly so we can put you both on the loan.

If you need help your are welcome to fill out an application on my website or you can contact me with any questions.
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0 votes 1 answer Share Flag
Tue Feb 14, 2017
jlwh asked:
Looking for some advice in a really unique situation.

We had some big issues crop up and I went from having a credit score of almost to 800 to having to file bankruptcy and losing all…
0 votes 0 Answers Share Flag
Fri Jan 27, 2017
Mekco asked:
Found out lot is NOT buildable! Any recourse?We own outright. Stop paying HOA what happens?Effect credit score? Can we give it to them?
0 votes 0 Answers Share Flag
Sun Jan 15, 2017
Cmanning2015 asked:
I need to move into a better location. I have a low credit score due to Medical Bills along with closed accounts still on my credit report along with a cc debt that was closed and now has…
0 votes 0 Answers Share Flag
Wed Nov 30, 2016
MYTrulia answered:
You will see your score improve the next time its updated.
It all depends on when the creditor report it. Sometimes they are slow or late on doing it.
Eventually its going to improve.
Good luck in improving your score. It is fun!
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1 vote 19 answers Share Flag
Fri Oct 28, 2016
Rose Marie Izzo asked:
Tue Oct 18, 2016
Alonzeltaylor answered:
Good Day, we are lender base in united state Minnesota is there any way you are sick of financial situation or in debt e.t.c bade credit or credit for business. we can offer you any type of credit you wish to acquire. contact us today. alonzeltaylor@gmail.com for more information. ... more
0 votes 4 answers Share Flag
Thu Oct 6, 2016
Qulia Bryant answered:
Hi there, it looks like your question went unnoticed here but in case you havent found the answer yet here is my advice. You are able to get an approval letter with a 660 credit score. VA doesnt have a specific credit score limit but their underwriting guidelines must be met, therefore your income should make homeownership affordable. The house that you currently have must be sold if you used your COE to purchase it, as the VA does not allow multiple loans per veteran. If you do not have a VA loan officer I can point you in the right direction. Let me know if you have any more questions or need advice with anything else. Thank you, Qulia Bryant quliasells@gmail.com ... more
0 votes 1 answer Share Flag
Thu Aug 25, 2016
Invstnlfp answered:
I am state and federally licensed to write mortgages in 31 states for a top direct lender in the mortgage industry who offers FHA, VA, and USDA loans down to a 550 credit score. We keep your info private not broker it out and we go down to a 550 credit score for VA and FHA loans.. Are lowest score we accept for government loans are 550 when most lenders require a 620 and brokers a 580. You have to have two years of income with a score over 550 with bankruptcies discharge date 2 years and over. We have basic guidelines and a pretty easy process. Feel free to text me or call me anytime up to 10:00pm Eastern with any questions.
Brian Young 214-797-3479
NMLS 902687
... more
0 votes 14 answers Share Flag
Fri Aug 12, 2016
Judith Good asked:
Fri Jun 3, 2016
Orianaakuda asked:
Tue Apr 12, 2016
kirsten asked:
I have a great job and a good income. How much will the background check and credit history hurt my chances to find a nice place to rent?
0 votes 0 Answers Share Flag
Thu Oct 15, 2015
Victory Property Management answered:
Most conventional loans will require a minimum credit score in the 620 - 640 range, though the preferred target is 680 and above. (Reference: http://www.rurdev.usda.gov/SupportDocuments/CA-SFH-GRHUnderwritingGuide.pdf). FHA loans, on the other hand, do accept a lower score but be prepared for higher fees and interest rates. FHA's website states: "Minimum credit score requirements for FHA home loans depend on which FHA loan product the applicant needs. Generally speaking, to get maximum financing on typical new home purchases, applicants should have a credit score of 580 or better. Those with credit scores between 500 and 579 are, according the the FHA guidelines, 'limited to 90 percent LTV'." (Reference: http://www.fha.com/fha_article.cfm?id=200.)

So as it stands, your credit rating would be considered as poor. You may qualify for a FHA loan but the fees and interest rates are going to be really high.
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0 votes 1 answer Share Flag
Thu Oct 15, 2015
Victory Property Management answered:
Most conventional loans will require a minimum credit score in the 620 - 640 range, though the preferred target is 680 and above. (Reference: http://www.rurdev.usda.gov/SupportDocuments/CA-SFH-GRHUnderwritingGuide.pdf)

FHA loans, on the other hand, do accept a lower score but be prepared for higher fees and interest rates.
FHA's website states: "Minimum credit score requirements for FHA home loans depend on which FHA loan product the applicant needs. Generally speaking, to get maximum financing on typical new home purchases, applicants should have a credit score of 580 or better. Those with credit scores between 500 and 579 are, according the the FHA guidelines, 'limited to 90 percent LTV'." (Reference: http://www.fha.com/fha_article.cfm?id=200.)

I hope that helps.
... more
0 votes 1 answer Share Flag
Tue Jul 14, 2015
Ed Groussman answered:
I can help as long as your score is 580+

Please email me at egroussman@homepointfinancial.com

Thanks
Ed
1 vote 2 answers Share Flag
Wed Jun 17, 2015
Megan Miller answered:
580 is the minimum score for FHA Loans. Check out The Lenders Network ,they referred us to our lender and we were approved after being rejected by like 5 lenders!
2 votes 18 answers Share Flag
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