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Credit Score in Charlotte : Real Estate Advice

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Activity 13
Wed Jun 12, 2013
Bill Ahls answered:
Talk to William Roseberry (www.RoseberryTeam.com) and he can guide you on this. His cell is 704-622-6896.

Bill Ahls
ww.NoHassleBroker.com
0 votes 11 answers Share Flag
Mon Feb 6, 2017
Jenny Linich answered:
Size of the loan is more dependent on debt to income ratio than on credit score. I have lenders that can do FHA loans with your credit score as well as work with you to raise your credit score. Give me a call at 803 372 8033. ... more
0 votes 16 answers Share Flag
Mon May 18, 2015
Rick Devine answered:
I have 4 maybe 5 that will help you. I work with many people uder 600 and have so many ways you can get into a home right now. Please call me 704-618-7184
0 votes 16 answers Share Flag
Tue Apr 17, 2012
Madmaksmommy4210 answered:
Also I've noticed that people are putting in their two cents with other people so please keep negative, unneccessary comments to yourself. I'm well aware of the mistakes i9;ve make to my credit so i do not need a reminder of it. I've been working hard at making amends to my score and have my my lease ending in April and would like to know how possible it would be to purchase a home from a KNOWLEDGEABLE person. Thank you again! ... more
0 votes 6 answers Share Flag
Tue Dec 6, 2011
dave answered:
If you have a credit score in that range there are a few lenders that will help you out. I use Chris Ayer with Coldwell banker Mortgage. He has various programs to get people with those credit scores approved. I just got a 528 credit score approved and set to close on a house now with him......

his contact information is 704-771-3954 (cell) or his e-mail is chris.ayer@mortgagefamily.com
... more
0 votes 5 answers Share Flag
Tue Oct 18, 2016
Amy Baker answered:
Nicole,

Your score won't so much be the problem as that many lenders can't write a mortgage loan below $40,000. Most sales below this amount as cash for this reason. If you need the name of a few lenders to check with, don't hestiate to contact me.

My husband and I just purchased a foreclosure and we could not bid as low as we wanted because we could not find a lender that could write a loan below about $40,000.


Amy Baker
Allen Tate Realtors
704-258-1459
Amy.Baker@allentate.com
... more
0 votes 4 answers Share Flag
Thu Jan 26, 2012
Erika Pitman answered:
Shizzbe,

It is unlikely that you will be able to get traditional financing. However, there are other options. The seller maybe able to finance you depending if they own the property or have financing on it or there are investors that may consider short term financing options.

Feel free to contact me at 704-576-1671 and I will see if I can help.

Best Wishes,
Erika

Erika Pitman
Keller Williams Realty
ErikasHomes@gmail.com
... more
0 votes 7 answers Share Flag
Thu Aug 25, 2016
Anna M Brocco answered:
There are other factors in addition to credit that will determine loan qualification, therefore visit with any local banks and or credit unions, after reviewing your overall financials, credit, debt, etc., your loan officer can make a determination on qualification; if you don't yet qualify, he/she may suggest what needs to be done in order to qualify in the near future. ... more
0 votes 14 answers Share Flag
Thu Mar 31, 2011
Ryan Smith answered:
You need a 640 for FHA. You may want to explore other lending options.
0 votes 5 answers Share Flag
Fri May 21, 2010
Danny Plueddemann answered:
Amy, If they are recent collections, then it would help your score to pay them off. If they are older than 24 months, it could lower your score to pay them off as that will show up as recent activity.

There are a lot of people in your position. If mortgage financing is not working out for you, there are some great rent to own options available. Best of luck to you. Danny Plueddemann.
... more
0 votes 8 answers Share Flag
Sat May 1, 2010
Anna M Brocco answered:
If you are looking to buy, visit with any qualified loan officer(s) and he/she will run your credit--their scoring is different by the way--then go from there--or check out www.myFICO.com or www.annualcreditreport.com . ... more
0 votes 3 answers Share Flag
Thu Jan 12, 2012
Bob McClure answered:
good morning amy....yes, but the balances being low are secondary to the percent of available credit each card has vs. the amount that is owed........it can have a farily quick boost to your score, but you still need a certain amount of good credit in only your name......and authorized user status is okay...but not the total solution...
best regrads...
bob mcclure-
first preferred mortgage- southfield, michigan....
... more
0 votes 7 answers Share Flag
Sat Jan 30, 2010
MR answered:
I'm the original poster and wanted to add:

I've also read that if we proceed with having her get the mortgage in her name, we would be forced to refinance after marriage when my name is added to the mortgage and my lower credit score would cause an increase in the mortgage rate at the time of refinancing.

Does anyone know the best way to proceed? We truly want to get the full tax credit as well as receive the lowest possible rate. Twenty-five percent of our current combined after tax income would be between $1600-1700 so we're looking to spend a little under that range as a monthly mortgage payment. I believe that her information alone would be enough to qualify for a mortgage size of what we would be looking for.
... more
0 votes 12 answers Share Flag
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