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Credit Score in Virginia : Real Estate Advice

  • All310
  • Local Info16
  • Home Buying192
  • Home Selling28
  • Market Conditions5

Activity 14
Tue Aug 18, 2015
Charles Lewis answered:
Deed in lieu! The most damage is being past 90 days late but a deed in lieu is a friendly short sale.
0 votes 5 answers Share Flag
Fri Jul 20, 2012
Elliott R. Oliva answered:
0 votes 0 Answers Share Flag
Mon Mar 26, 2012
Elliott R. Oliva answered:
Do you have any income from outside of the US that you can document?
0 votes 1 answer Share Flag
Sat Feb 19, 2011
Corey Grushin answered:
Gene Johnson you can put a contract in but getting a mortggae will be very diufficult with your current scores and you will be required to have the abilty to make payment on BOTH mortgages depending on how much equity you have in the home you plan to sell. ... more
0 votes 13 answers Share Flag
Wed Feb 9, 2011
Anna M Brocco answered:
Not knowing just how bad your credit is--consider visiting with any qualified loan officer(s), after reviewing your overall financials, a determination on qualification can be made, the type of loan, how much, how much down, etc.; if you don't yet qualify, he/she may offer great suggestions as to what needs to be done in order to qualify in the near future.... A mortgage outside your budgetary constraints can dramatically alter your overall living conditions, so, be sure to factor micro and macro economic concerns into your mortgage amount deliberations. ... more
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Tue Feb 1, 2011
Jim McCowan answered:
It won't hurt, but it might be a good idea to do it together just so you'll know what your credit scores are.
0 votes 14 answers Share Flag
Tue Nov 20, 2012
Justin Ruzicka answered:
Do a short sale. It is your only hope. WSJ is writing articles on this all the time. If the wealthiest people are telling you to do something, listen. ... more
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Sun Dec 12, 2010
Linda Hedgepeth answered:
That's an interesting question. For the best and latest information, go to and research VA. If you're a member of the Navy Federal CU, they will have the most up to date info on credit scores and available money. Every borrower is different just as every home is different. It appears you have been researching financing and that is an excellent move. Be certain you have pre-approval and do plan to use the VA benefit as soon as you locate the perfect home. You did not mention location, size, or price of home. Care to share?

Linda Hedgepeth, ABR, SFR, CSSS, Realtor, Broker
licensed in VA and NC
Wilkie Real Estate, Inc
Lake Gaston
757-635-7388 or 1-866-274-5154
... more
0 votes 6 answers Share Flag
Sun Nov 21, 2010
Monika Kumar answered:

Good that you have motivation to take advantage of low interest rates and trying to figure out How.. If you are not ready to hire a Realtor to finger hold you to get you started and like to do it on your on then call your bank and find a loan officer that you can trust.

If you want to take advantage of free service that a Realtor offers Call or email today so we can do the leg work for you.

Hope that helps.
703 626 3327
... more
0 votes 4 answers Share Flag
Thu Oct 21, 2010
Christine McDaniel answered:
Hi Brandon,

You'll be able to go with a VA loan if you are eligible. Do you know where your credit is at? Have you pulled your credit report? Below is t he link to do that. You can pay a small fee to get your credit score at each of these sites. Experion, Transunion and Equifax are the three credit reporting agencies. Talk to a lender after you have your information. A lender can pull the information for you too. It doesn't hurt your credit for you to pull it but don't let too many other people pull your credit. ... more
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Tue Oct 26, 2010
Dp2 answered:
You might consider doing a lease-option.
0 votes 5 answers Share Flag
Sat Sep 28, 2013
ryateslenders answered:
I sure do, there are a few lenders that can go down to a 580 credit score for FHA. Visit our site or email me if you want any help.
0 votes 6 answers Share Flag
Fri Feb 5, 2010
Anna M Brocco answered:
Not knowing any of the deatails--What is loan officer suggesting, he/she is your best source of advice--and if you haven't visited with one yet, now is the time to do so and determine what needs to be done.

... more
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Sun Apr 29, 2012
CCC answered:
Whats else is on your credit? For your credit score to increase it needs to be proof that you understand the system with on time payments. Most of the time 3 current and in good standing trendlines (credit lines, such as credit cards, unsecure loans -personal loans-, secure loans -car, home-, will increase your credit score.

The credit needs to have something active, if there are no trendlines your score will not increase itself.
It is great that you pay off those collections and judgment, I recommend you to send those forms to the 3 bureas to set them as paid but will not disapear until 7 years.

... more
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