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Credit Score in 95823 : Real Estate Advice

  • All32
  • Local Info4
  • Home Buying12
  • Home Selling2
  • Market Conditions0

Activity 5
Mon Dec 28, 2015
Ron Thomas answered:
What would Sacto's average make to YOU?
The Bank will look at YOUR score;
they are not grading on the curve!

Besides; this would fall under PERSONAL INFORMATION and I serious doubt that anyone would have it!
Would you like your score broadcast over the net?
... more
0 votes 4 answers Share Flag
Tue Jun 5, 2012
answered:
FHA’s TOTAL Scorecard has minimum thresholds, even if you have a decent credit score you must still meet the other requirements, something not discussed much by loan officers. You will need at least one account that reports to a credit bureau as a normal credit line, that needs a 12 month payment history. A total of 3 accounts are required but the other two could be what is called alternate credit meaning they do not normally report to a credit bureau. Examples of alt credit would be rent, utilities, insurance, stuff that is not a debt, but just an obligation. Hope this is helpful, good luck.
Jim Simms

NMLS # 6395
JSimms@cmcloans.com
Financing Kentucky One Home at a Time
... more
0 votes 9 answers Share Flag
Sat Oct 28, 2017
Nick Seevers answered:
You can get an FHA loan but not with 3.5% downpayment. It will be either 5 or 10% down depending on your credit at the time of purchase.
0 votes 77 answers Share Flag
Mon Sep 12, 2016
Michele Peterson answered:
Sonia,
Congratulations!
Sounds like you have your dream job lined up and a new home on the horizons.

You have options for getting a loan with many banks and also increasing your credit score over the next three months..Simple easy steps to take too.

I would suggest you work with a local lender that you can meet face to face and review your wants and needs.

Please call or email.
I am happy to provide you with several choices for completing your home purchase.

PS. I just found the perfect house for a client last weekend that had asked this very question last summer.
It does work...and they found the house they had in mind...

Happy 2012!

Michele Peterson
Keller Williams Realty
(916) 743-5934
CallMichelePeterson@gmail.com
CA DRE 01872795
... more
0 votes 40 answers Share Flag
Tue Jul 12, 2016
simplenickel answered:
YES. A short sale is considered a type of foreclosure and will negatively impact your credit score. However, there are benefits to a short sale over a foreclosure, namely you avoid the foreclosure process and get out from under the mortgage. ... more
0 votes 19 answers Share Flag
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