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Credit Score in Oklahoma : Real Estate Advice

  • All113
  • Local Info6
  • Home Buying48
  • Home Selling33
  • Market Conditions1

Activity 11
Tue Mar 21, 2017
Hello, I'm a mortgage professional.

We have a rapid rescore program that helps determine how to build your credit fast.

You only need a 580 credit score to qualify for a mortgage with 3.5% down payment.

If you have any other questions or would like help with this you are welcome to get in touch with me.
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Thu Aug 4, 2016
Invstnlfp answered:
I work for a direct lender in the mortgage industry who offers FHA VA, and USDA loans in 47 states down to a 550 credit score. Are lowest score we accept for government loans are 550 when most lenders require a 620 and brokers a 580. You need 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
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Sat May 2, 2015
My NC Homes Team answered:
You are allowed to get all three major credit reports annually. I've supplied the link below.
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Thu Apr 16, 2015
Melissa Dana answered:
Check with your lender, they know the process and if they really want your business they would be willing to help get that escalated.

If you don't have a lender, give Eric Zanotelli with AmeriFirst a call at 405-372-5363

Good luck
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Mon Feb 2, 2015
Sandra Cooper answered:
They might be still able to qualify you . You should talk to a good local lender. I can recommend a few. you can call/text me anytime at 405-812-5507 or email. Would love to be able to help/serve you ... more
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Wed May 28, 2014
John Cantero answered:
It would be best to talk with a tax professional but if you keep working on it you will be able to buy soon.
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Wed Oct 30, 2013
Irina Karan answered:
Foreclosure is MUCH worse. Short sale is the best option there is, however, you need to make sure you don't have a deficiency judgement after the short sale is done. You also want to be insolvent at the time of your short sale closing.

It is getting easier and easier to recover after the short sale - with the new loan programs available.

Hope this helps,

Irina Karan
Beachfront Realty, Inc.
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0 votes 7 answers Share Flag
Sun Jul 14, 2013
Andrea Gomez answered:
You can get an FHA loan with a 614 middle score with some lending institutions. I would recommend finding a broker or service to help you locate a reputable lender that can approve your loan at a decent rate. I have client's get a goof rate on an FHA and VA loan with scores even under 600 at The Lenders Network. ... more
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Wed Nov 28, 2012
Sarah Barrows answered:
There are not many lenders who will give loans with a credit score that low. Do you have cash saved up to use for your down payment? If so, you may want to consider using that to pay down those med bills and build your credit score back up! You can usually negotiate settlement amounts and pay less than what is owed. Then, save your money back up. The next time you have enough for a down payment saved you may also have a better credit score!! In the meantime I would also consider contacting a lender who can guide you along the way, and then when you are ready you will already have a good relationship build with them and can move forward with your home buying! If you would like me to refer you to an agent in your area that can help you find a lender I can do that! Email me at and I will help however I can. I wish you all the best luck!! ... more
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Thu Nov 17, 2011
There is always hope, just put your house in order before trying to take on more liability, if you are struggling to make ends meet, home ownership may make things worse. Just be careful about re-building credit, many “professionals” will advise you to break the law, see more info on the link below about criminal credit repair, good luck, ... more
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Sat Jun 12, 2010
Hannah Fliegel answered:
Hi Dustin,

You might be able to qualify for an FHA mortgage with a low credit score but it will cost you more money each month. Mortgage products don’t even get exciting until you have a credit score of 749 or better. The higher credit score, the lower the interest rate. In addition to having a better mortgage product with good credit you will enjoy a lower insurance premium for your home, financing a car will be easier and cheaper with a higher credit score. Employers are now pulling credit reports as part of the back ground screening process. Can you get through life with less-than-perfect credit? Yes you can, it just makes life more difficult. Why not work to improve your credit first, then get yourself qualified for a good mortgage product, then begin looking for a home? This way you set yourself up for success long term. I certainly wish you good luck with your financial future.

Hannah Fliegel, FICO Pro
The Credit Repair Expert
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