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Answers (7)
- Carl Ashton, "Carl Ashton"
- Contributions:86
Hi,
I am a direct lender in Naples and can assist you with your concern, with a fair credit rating 620-680 middle score with 1495.00 of additional debt carried.
With this income and credit score we could easily do somewhere arround 5-5.5 % APR arround % 885-850 a month plus piti, if the exact zip of the home qualifies can do a USDA 100% loan.
With this income and credit score we could easily do somewhere arround 5-5.5 % APR arround % 870-850 a month plus piti, if the exact zip of the home does not qualify can do a 3.5% loan w/5425 down payment.
If your score is not 620 middle please do not fret we have software now available to calculate what to do to get your score to that point where you qualify sometimes within a day or two at a minimal cost.
Please call me if you have any more questions.
Carl M Ashton
[content removed by moderator]
I am a direct lender in Naples and can assist you with your concern, with a fair credit rating 620-680 middle score with 1495.00 of additional debt carried.
With this income and credit score we could easily do somewhere arround 5-5.5 % APR arround % 885-850 a month plus piti, if the exact zip of the home qualifies can do a USDA 100% loan.
With this income and credit score we could easily do somewhere arround 5-5.5 % APR arround % 870-850 a month plus piti, if the exact zip of the home does not qualify can do a 3.5% loan w/5425 down payment.
If your score is not 620 middle please do not fret we have software now available to calculate what to do to get your score to that point where you qualify sometimes within a day or two at a minimal cost.
Please call me if you have any more questions.
Carl M Ashton
[content removed by moderator]
- BungalowMo
- Contributions:232
You would be much better off addressing the negative aspects of your reports. See if some things can be cleaned up. If you have old late payments reporting with a creditor you're on good terms with, see if they will make an adjustment to the reporting & remove the lates.
If you have any paid collection accts, send them a letter (best done by researching upper executive names & find emails) ask they remove from your reports.
If you have high revolving debt, pay that down! 30% of your FICO score is your revolving utilization %. Get it down below 9% & watch that score go up! Keep the util down by paying in full BEFORE the statement cut date...not simply by "due date". Most creditors report to the bureaus on your cut date.
Boost that score & get a better rate!!
If you have any paid collection accts, send them a letter (best done by researching upper executive names & find emails) ask they remove from your reports.
If you have high revolving debt, pay that down! 30% of your FICO score is your revolving utilization %. Get it down below 9% & watch that score go up! Keep the util down by paying in full BEFORE the statement cut date...not simply by "due date". Most creditors report to the bureaus on your cut date.
Boost that score & get a better rate!!
- Mortgage Market
- Contributions:150
Hi Plutobeach,
Many loan programs are available. Rates are at their lowest level in decades so you should get a great rate.
Best, Steve
Many loan programs are available. Rates are at their lowest level in decades so you should get a great rate.
Best, Steve
- Noel Veitia, "Noel Veitia"
- Contributions:5
Fair credit score sounds like a 620 or above anyways we can do as low as 580. Credit score is not the only factor to consider when getting a loan. Your first step it's to get prequalify by a professional and you should be good to go.
- Allison Ables, "Gainesville Realtor"
- Contributions:458
A score of 620 will get you an FHA loan - but that is about to change - and some banks will be requiring a 630 or 640.
https://www.annualcreditreport.com/cra/index.jsp
The 3 C's of borrowing are Capacity (income), Collateral (home value to be secured against), and Creditworthiness.
You need to find out exactly what your score is and talk to a lender. With just a few questions, a lender should be able to tell you in about 5-10 minutes whether or not you can qualify for a loan.
https://www.annualcreditreport.com/cra/index.jsp
The 3 C's of borrowing are Capacity (income), Collateral (home value to be secured against), and Creditworthiness.
You need to find out exactly what your score is and talk to a lender. With just a few questions, a lender should be able to tell you in about 5-10 minutes whether or not you can qualify for a loan.
- Mark Wilkins, "TheMortgageMark"
- Contributions:349
If you have over a 620 you can get a FHA loan as long as everything else checks out.
- don bro, "Broker_Dave"
- Contributions:41
Fair is better than bad, what is the score? For most sites fair is good enough to get a loan.
I have a "fair"credit rating can I get a loan?
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