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I did not get any quotes on my loan request (ZR-QVXDYCK). Can someone help me figure out why?

Do you know how I could improve my credit score. My mid score is 616 and the loan person said it has to be 620 to qualify for a FHA mortgage. I feel so close, yet so far away from achieving my dream of owning my own home. Thank you.
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February 15 2010 - Rolling Meadows
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Profile picture for RJ Ham
4 points away is not very far.  Did you get a copy of your credit report?  If so what is your balance to limit ratio?  This is going to be your total debt owed divided by your total credit limits.  A few percentage points can make a big difference.  Do you know if any of the information on your credit report is incorrect?
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February 17 2010
As you mentioned, most lenders now are requiring a middle score of 620 or higher for an FHA loan.   Some mortgage companies are willing to work with clients in a similiar situation as yours.   Since you are so close to reaching the min. threshold it may take only minor adjustments to acheive scores above 620.  
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February 15 2010
 
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I did not get any quotes on my loan request (ZR-QVXDYCK). Can someone help me figure out why?
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Latest answer by RJ Hammel
February 17 2010 | 2 answers
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