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Credit Score in Texas : Real Estate Advice

  • All824
  • Local Info38
  • Home Buying418
  • Home Selling125
  • Market Conditions15

Activity 60
Thu May 8, 2014
Andrea Brooks answered:
I would recommend talking to a lender now so you can better understand how to proceed. I work with several industry-leading professionals that I can connect you with. I'd welcome the opportunity to help with your home search as well. Please feel free to call at 469-450-1326

Andrea Brooks
www.topagent.co
... more
0 votes 26 answers Share Flag
Thu Oct 31, 2013
Kim Perez answered:
It is very likely than you can get financing by then. It sounds as though you are doing the right things to get your credit in shape, so congratulations!

The best course of action for you at this point would be to visit with a mortgage professional who can perform a detailed review of your credit and advise you of your options.

As an experienced Realtor, I have a very seasoned mortgage partner who can assist you at no obligation to you. Feel free to contact me and will be happy to put you in touch!

Kim Perez, Accredited Buyer's Representative, GRI
RE/MAX1
512-535-8444
Email - Kim@ktxhomes.com
... more
0 votes 10 answers Share Flag
Mon Dec 22, 2014
Ron Thomas answered:
I understand that they look at serveral things:
The total amount of DEBT as a ratio, Debt to Income: So you want to reduce the Debt.
But they also look at the debt to the limit ratio, particularly on Cards; so you want to have a $200 debt on a $1,000 Card: If you paid this off completely, that card would not report on you, at all, and you want that favorable report.
Good luck
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0 votes 8 answers Share Flag
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
0 votes 4 answers Share Flag
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
0 votes 15 answers Share Flag
Mon Nov 12, 2012
Tommy Burris 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
... more
0 votes 5 answers Share Flag
Sun Sep 29, 2013
Kenneth "Kenny" Bebensee answered:
I believe so. Call any lender of your choice and get pre approved for free. Then pick one of us and get your home. :-)

Good luck.

Kenny
Turtle Creek Realty
0 votes 11 answers Share Flag
Wed Oct 24, 2012
Tim Moore answered:
Step #1 is always the same = speak with a lender. You should include speaking with USAA as they do good things for VA buyers. It costs nothing and can provide a lot of answers.
0 votes 8 answers Share Flag
Wed Jan 15, 2014
Steven Nusinow answered:
Are you looking for a home in Austin. If so, it is easy where to start....contact me.. I will hook you up with a choice of great lenders, show and analyze homes that meet your criteria, and help facilitate your dream with the appropriate negotiations, inspections, etc.

With rates so low, home ownership can make more sense then renting in a lot of Austin.

Please feel free to contact me anytime.

Steve Nusinow
(512)922-7588
... more
0 votes 10 answers Share Flag
Wed Sep 12, 2012
Carol Woodward/Darline Hoffman answered:
Yes, but not with his Va. Your can have seller financing, but will require more.money down. Please call if you have other questions.

Carol Woodward
Keller Williams
877-877-0380
0 votes 10 answers Share Flag
Sat Jun 17, 2017
Tommy Burris answered:
Always on time with your mortgage and auto?
And still have a 550?

Do you have a credit report we can look at together?
I am surprised the score is that low with the 2 very positive trade lines that weigh heavily in the FICO scoring

http://dallasloanguy.com/free-credit-book/ http://www.ntreisinnovia.net/cgi-ntr/BR_login?0501134
... more
0 votes 15 answers Share Flag
Wed Jun 27, 2012
Barbara Coker answered:
You don't state what type of loan you wanted, but most lenders want at least a 620 on a VA or FHA loan. Down to 580 will be tough, but you might find it on an FHA. The underwriting conditions will be rigorous. Your ownly other choices would be owner-carry or hard money (30-50% down usually).
I would consider working with a good credit repair consultant to try to get that score up.
Barbara Coker
NMLS#228545
100% Home Loans All Over Texas For 30 Years!
... more
0 votes 8 answers Share Flag
Tue Jun 26, 2012
Don Groff answered:
Never heard of that... not sure how they could even accomplish this. First you would have to prove you lost your home due to bad lending practices. Many people lost their home due to the economy and countless people walked away from homes they could afford because the value dropped.

While I am sure there were a lot of bad loans made people also have to take responsibility for their actions. I know there of plenty of people who were taken advantage of but there are just as many if not more who worked the system to their advantage.
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0 votes 7 answers Share Flag
Sat Jul 28, 2012
Stefanie Patterson answered:
With the low rates right now, I would say it is worth a try! Give me a call so we can discuss and see if you are ready.

Stefanie Patterson,
ABR, CRS, GRI, e-Pro, ALS, ALHS, TAHS, SRES, green, TRLP, REALTOR
RE/MAX North San Antonio
Cell - 210-501-9133
Fax - 210-468-1868
stefanie@stefaniepatterson.net

MULTI-MILLION DOLLAR PRODUCER SINCE 2003!
The finest compliment I could ever receive is a referral from your friends and famil
... more
0 votes 14 answers Share Flag
Fri May 3, 2013
Tommy Burris answered:
Send me an email and I will reply back with a free ebook about credit.
We can go from there.


.
.
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
... more
0 votes 11 answers Share Flag
Sat Jul 28, 2012
maegan olguin answered:
Audrey,

Email me and I will try and help you and your husband further

Maegan Olguin
JB Goodwin REALTORS

Maegan-olguin@jbgoodwin.com
0 votes 10 answers Share Flag
Sat Apr 27, 2013
Tommy Burris answered:
Since you ask this in a Real Estate section.... I would say Mortgage Late. Quite a bit more pain with that.

Let me explain.

We use the FICO scoring model by the Fair Isaac Co.
Our FICO is a 'Mortgage Enhanced' FICO
If you went to buy a car... you would get an 'Auto Enhanced' FICO

Given that you are likely asking about a Mortgage Score.... The mortgage late would be huge.



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
... more
0 votes 2 answers Share Flag
Wed Jun 6, 2012
Tommy Burris answered:
Foreclosure will stay on your report for 7 years.
You can buy another home after a minimum of 3yrs.
Staying current on your payments all of the way thru a short sale will hurt you less..... If that is an option.



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
... more
0 votes 1 answer Share Flag
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
0 votes 4 answers Share Flag
Wed Apr 26, 2017
Larry Stovall answered:
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