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Credit Score in 77074 : Real Estate Advice

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  • Local Info2
  • Home Buying0
  • Home Selling1
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Activity 6
Mon Mar 4, 2013
Howard Persky answered:
This is the link to the program web site:

https://www.naca.com

Check this link out also for information on other programs for down payment assistance:

http://www.txhomeprograms.org/ ... more
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Thu Oct 20, 2016
Diana Merced answered:
May or may not. I would suggest you speak with a loan officer or a bank. They can pull your credit report and look at your averall picture. It is also important that if you do pay off any account that you get written approval that the account has been paid
(0 balance )and that they will take it off the credit report.

Hope this will help you.
Feel free to contact me if you need assistant.
Dee Diana@dmerced.com
713-444-9905
Remax 360
... more
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Mon Nov 12, 2012
answered:
You would suffer a small drop in points for establishing the new trade line. But over time it will help.
You might see the points come back in about 6 months and see a score increase at the 12 month mark.
All credit profiles are different, so take this answer with that in mind.


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
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Wed May 20, 2015
Allen Hebert answered:
a qualified Home Mortgage Consulant would be best to answer this question and I would recomend calling one asap -I can recommend Holly Whitney with Wells Fargo Home Mortgage-she can be reached on her cell -281-705-4659 or you can email her at holly.whitney@wellsfargo.com-as you say the window is short -its best to call someone that can give you straight answers and get results

Regards and good luck to you

Al Hebert
... more
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Wed Sep 25, 2013
D'Evereaux Baum-Moore answered:
Hi there,

A pre-approval does hit your score minimally up front but you are allowed to shop lenders during a 30 day period up to 3 different companies with it only impacting the score once, from what I understand and have seen. They understand people have to give full socials in order to really get a quote and the same for buying any one type of loan - like a car etc.

It is wise to shop around and get very comfortable with the lender who will be your liason throughout the process. You need to have very good rapport and someone willing to explain everything to you and return you emails or phone calls in a timely fashion.

Good luck to you!
... more
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Mon May 8, 2017
Voices Member answered:
Christie, The basic answer is or should be (IMHO) you need to see what you can do to raise your score. The truth is you have everything to gain by doing this as you take the time to learn about the market you are interested in.
We don't have any details or knowledge of why your score is low and it could be for many reasons. What's important is that you find out and do what is possible to raise it, making yourself eligible for more programs and loan opportunities. You can go here...https://www.annualcreditreport.com/cra/index.jsp ...to get a look at your credit report and see if there are things you can fix.
You might want to take a homebuyers course to get information, leads and contacts.
http://www.hud.gov/buying/localbuying.cfm
or counseling for credit repair info ect..
http://www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm
Homebuying info
http://www.hud.gov/buying/index.cfm

This is the Gov. site for all Gov. loans... http://www.govloans.gov/govloans_en.portal?_nfpb=true&_pageLabel=gbcc_page_browse_loans&_nfls=false&action=locateLoans¤tSubType=6
Check them out and see what you might be eligible for, stay on top of new programs which will be appearing.

You can use the Hud site to look at Hud properties for sale and this site for links to the Bank properties for sale sites (REO)... http://www.mortgagenewsdaily.com/wiki/REO_Database_List.asp

This is a Gov. site with mortgage info, calculators, tons of info..you should check it out.. http://www.ofheo.gov/PublicInformation.aspx?Nav=136
Keep track of the mortgage trends...http://mortgage-x.com/general/rate_trend.asp .......http://www.fhfa.gov/
Anyway, I suggest working on the credit score while you learn the market and prepare to find the best home possible.

Good luck, Dunes
... more
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