Zillow Advice RSS: Question-Guide,Credit Scores,AZ http://www.zillow.com/advice/AZ/mortgage-credit-scores/question-guide/ Zillow Advice search results | Zillow Real Estate USDA or FHA home loan in Arizona http://www.zillow.com/advice-thread/USDA-or-FHA-home-loan-in-Arizona/530563/ I got told about USDA loans the other day and am very intruiged by the possibility of getting one. I have been trying to find the requirements of them and how well they work. First off it would be my first home, income just over 40k, and combined score before i bought my car of about 800. I am not late on credit card payments or bills. Is there a place to get more information on these types of loans where i don't need 20% down and still to get payments of about 800 a month after insurance and other fees.<br \><br \>11 replies Sun, 02 Mar 2014 15:11:00 GMT http://www.zillow.com/advice-thread/USDA-or-FHA-home-loan-in-Arizona/530563/ 2014-03-02T15:11:00Z USDA or FHA home loan in Arizona http://www.zillow.com/advice-thread/USDA-or-FHA-home-loan-in-Arizona/530563/ I got told about USDA loans the other day and am very intruiged by the possibility of getting one. I have been trying to find the requirements of them and how well they work. First off it would be my first home, income just over 40k, and combined score before i bought my car of about 800. I am not late on credit card payments or bills. Is there a place to get more information on these types of loans where i don't need 20% down and still to get payments of about 800 a month after insurance and other fees.<br \><br \>11 replies Sun, 02 Mar 2014 15:11:00 GMT http://www.zillow.com/advice-thread/USDA-or-FHA-home-loan-in-Arizona/530563/ 2014-03-02T15:11:00Z VA home loan, credit score bad, past 12 months great http://www.zillow.com/advice-thread/VA-home-loan-credit-score-bad-past-12-months-great/381405/ I have a credit score of 611, 611 and 612. &nbsp;I trying to take advantage of the VA loan, i am a disabled vet, lost a limb in combat, (no va funding fee, no private mortg insurance and no property tax in AZ) and am trying to own my own home, instead of paying over $1k a month for an apartment in a decent neighborhood in glendale/phoenix, az. And with renting, your paying money for someone else's mortgage, which is money down the drain.<br/><br/>I have cash, but for the life of me cannot get approved for a home loan. &nbsp;I financed my vehicle when i bought it just to build my credit, and somehow ended getting 1.9% financing for 36 months, i have 24 months and 14k left, and borrowed against a cd a year ago and last payment is due this month, which is no problem. &nbsp;I have trouble getting a credit card, and dont wan't to ruin my credit applying everywhere, so i still don't have one. &nbsp;Anyone know of underwriters in phoenix area, willing to help a veteran out for a home loan using the VA loan? &nbsp;<br/><br/>I meet income requirements, just my past credit when i was 18 before the military wasn't too great. &nbsp;I paid off everything before i joined the military, but it left marks on my credit.<br \><br \>11 replies Wed, 19 Jan 2011 00:06:00 GMT http://www.zillow.com/advice-thread/VA-home-loan-credit-score-bad-past-12-months-great/381405/ 2011-01-19T00:06:00Z Is anyone aware of a lender that can do a 580 FICO on USDA in Arizona? http://www.zillow.com/advice-thread/Is-anyone-aware-of-a-lender-that-can-do-a-580-FICO-on-USDA-in-Arizona/458007/ 5 replies Thu, 30 Aug 2012 21:08:00 GMT http://www.zillow.com/advice-thread/Is-anyone-aware-of-a-lender-that-can-do-a-580-FICO-on-USDA-in-Arizona/458007/ 2012-08-30T21:08:00Z Can anyone help a disabled veteran with bad credit get a VA loan in the Prescott, Az area? http://www.zillow.com/advice-thread/Can-anyone-help-a-disabled-veteran-with-bad-credit-get-a-VA-loan-in-the-Prescott-Az-area/479972/ My husband and I are looking to buy a home, but his scores are below 620 from missing payments while he was young and in the military. We have been trying to work on his credit, and he is on time with all of his payments in the past year and even has a secured credit card to further help him build his credit. With all of this, it seems like it is taking forever because of his past mistakes. He has a secure federal job now and the only obstacle is his score. Does anyone have any advice? We are paying more in rent than we would be with a mortgage..&nbsp;<br \><br \>21 replies Sun, 24 Feb 2013 00:46:00 GMT http://www.zillow.com/advice-thread/Can-anyone-help-a-disabled-veteran-with-bad-credit-get-a-VA-loan-in-the-Prescott-Az-area/479972/ 2013-02-24T00:46:00Z Credit score at 610, how do I get to a credit score of 640 so I can buy a house? http://www.zillow.com/advice-thread/Credit-score-at-610-how-do-I-get-to-a-credit-score-of-640-so-I-can-buy-a-house/461813/ I have bad credit history, but have paid literally everything off my credit report. &nbsp;Opened 2 credit cards, and have been added as an auth user on 2 additional. &nbsp;No other debt, no car payments etc, except deferred student loans. &nbsp;What else can I do to raise my score to get into a house? &nbsp;Thanks!!<br \><br \>17 replies Fri, 28 Sep 2012 15:50:00 GMT http://www.zillow.com/advice-thread/Credit-score-at-610-how-do-I-get-to-a-credit-score-of-640-so-I-can-buy-a-house/461813/ 2012-09-28T15:50:00Z Can I get loan? http://www.zillow.com/advice-thread/Can-I-get-loan/533943/ I'm with J1 visa, and my credit score is 630. I want to purchase my primary house. Can I get a loan? How much is the rate? Thanks!&nbsp;<br \><br \>5 replies Wed, 26 Mar 2014 22:16:00 GMT http://www.zillow.com/advice-thread/Can-I-get-loan/533943/ 2014-03-26T22:16:00Z How can I get accounts that show "open" moved to "closed" (since they are closed) on my credireports http://www.zillow.com/advice-thread/How-can-I-get-accounts-that-show-open-moved-to-closed-since-they-are-closed-on-my-credireports/477850/ 4 replies Fri, 08 Feb 2013 20:00:00 GMT http://www.zillow.com/advice-thread/How-can-I-get-accounts-that-show-open-moved-to-closed-since-they-are-closed-on-my-credireports/477850/ 2013-02-08T20:00:00Z I will have 40 - 50% to put down on a house... had a short sale about 15 months ago... my credit sco http://www.zillow.com/advice-thread/I-will-have-40-50-to-put-down-on-a-house-had-a-short-sale-about-15-months-ago-my-credit-sco/491881/ 14 replies Sat, 11 May 2013 22:07:00 GMT http://www.zillow.com/advice-thread/I-will-have-40-50-to-put-down-on-a-house-had-a-short-sale-about-15-months-ago-my-credit-sco/491881/ 2013-05-11T22:07:00Z Short sale in Jan 2010; credit scores improving what are our chances? http://www.zillow.com/advice-thread/Short-sale-in-Jan-2010-credit-scores-improving-what-are-our-chances/381594/ My husband and I sold our home on a short sale in January of 2010, we were relocated due to his job to a different state. We have both worked very hard on repairing our credit due to the short sale. &nbsp;My husband is about a 640, I'm not sure where I am. I'm wondering if we would qualify for a mortgage...preferable VA. I understand there are other factors. How hard is it to get a mortgage now?<br/><br/><br/><br/>Thank you.<br \><br \>7 replies Thu, 20 Jan 2011 03:01:00 GMT http://www.zillow.com/advice-thread/Short-sale-in-Jan-2010-credit-scores-improving-what-are-our-chances/381594/ 2011-01-20T03:01:00Z Chapter 7 plus a tax lien, can my husband still get a home loan? He has a good job and income. http://www.zillow.com/advice-thread/Chapter-7-plus-a-tax-lien-can-my-husband-still-get-a-home-loan-He-has-a-good-job-and-income/505539/ Chapter 7 plus a tax lien, can my husband still get a home loan? He has a good job and income. We were discharged 15 months from the chapter 7.&nbsp;<br/>Out side of trying for a home modification (which ruined his credit) and the tax lien we've never been late on our car payments, credit card and utilities. We've been renting for 5 and a half years and have never been late. What are our chances of getting a loan.<br/><br/>Thanks,&nbsp;<br/>Kim<br \><br \>13 replies Tue, 06 Aug 2013 19:09:00 GMT http://www.zillow.com/advice-thread/Chapter-7-plus-a-tax-lien-can-my-husband-still-get-a-home-loan-He-has-a-good-job-and-income/505539/ 2013-08-06T19:09:00Z USDA/FHA Loans? http://www.zillow.com/advice-thread/USDA-FHA-Loans/512737/ I am am currently looking to purchase my first home, married but husband's credit won't allow him to be on the loan.&nbsp; I filed bankruptcy in Nov of 2010, and currently have a FICO score of 590.&nbsp; I was told that it might be hard for me to get the loan due to my lack of credit since the bankruptcy. Utilities are all in husband's name and our car loan is shared between us.&nbsp; If you have any suggestions on people who specialize in bankruptcy/poor credit and could leave it below I would appreciate it immensely!<br \><br \>8 replies Tue, 24 Sep 2013 20:36:00 GMT http://www.zillow.com/advice-thread/USDA-FHA-Loans/512737/ 2013-09-24T20:36:00Z VA loan question - how good does our credit score have to be in order to qualify for zero down? http://www.zillow.com/advice-thread/VA-loan-question-how-good-does-our-credit-score-have-to-be-in-order-to-qualify-for-zero-down/511473/ 8 replies Sun, 15 Sep 2013 23:26:00 GMT http://www.zillow.com/advice-thread/VA-loan-question-how-good-does-our-credit-score-have-to-be-in-order-to-qualify-for-zero-down/511473/ 2013-09-15T23:26:00Z What can I do to get more (or better) quotes for my loan request ZR-ZQRBPVN? http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-ZQRBPVN/474685/ What suggestions do you have to help me increase my credit score in the next six months.<br \><br \>3 replies Thu, 17 Jan 2013 02:54:00 GMT http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-ZQRBPVN/474685/ 2013-01-17T02:54:00Z What is the minimum credit score needed to qualify for a second mortgage, or home quity loan? http://www.zillow.com/advice-thread/What-is-the-minimum-credit-score-needed-to-qualify-for-a-second-mortgage-or-home-quity-loan/441481/ My wife and I bought our house last month.&nbsp; My father in law paid cash for the house, because our credit is not the best, and we signed a purchase agreement with him to repay the loan.&nbsp; We want to do some improvements to the house.&nbsp; What is the minimum credit score needed to qualify for either a second mortgage or a home equity loan?<br \><br \>2 replies Fri, 04 May 2012 15:54:00 GMT http://www.zillow.com/advice-thread/What-is-the-minimum-credit-score-needed-to-qualify-for-a-second-mortgage-or-home-quity-loan/441481/ 2012-05-04T15:54:00Z We are about two weeks from closing on our home. My LO told me in the begininng not to run our credi http://www.zillow.com/advice-thread/We-are-about-two-weeks-from-closing-on-our-home-My-LO-told-me-in-the-begininng-not-to-run-our-credi/431697/ 14 replies Sun, 12 Feb 2012 17:45:00 GMT http://www.zillow.com/advice-thread/We-are-about-two-weeks-from-closing-on-our-home-My-LO-told-me-in-the-begininng-not-to-run-our-credi/431697/ 2012-02-12T17:45:00Z Which yields a better credit score: Keep a paid off consumer LOC open, or closing it after payoff? http://www.zillow.com/advice-thread/Which-yields-a-better-credit-score-Keep-a-paid-off-consumer-LOC-open-or-closing-it-after-payoff/430288/ Which of the following actions taken on a consumer line of credit (i.e. for a specific store)&nbsp;after it is paid off&nbsp;do you believe yields a better credit score or lender outlook?: Keeping the consumer LOC open as long as the lender will let you, or closing it as soon as the balance is paid off.<br/><br/>I previously heard it looks better if a consumer can request LOC closure instead of the creditor, but I have also heard that requesting an LOC to be closed has no or negative effect on a credit score (assuming that debt/credit ratio is not an issue). &nbsp;So from my previously ascertained perspective, this seems to be a conundrum.<br/><br/>If you are not sure either way, any credit score&nbsp;approximation&nbsp;web site or other resource you could direct me to would be greatly appreciated. &nbsp;Please assume that the consumer's only reoccurring debt payment is toward a mortgage, which is 20% of their take home pay, and the little credit card charges that are made are paid off every month. &nbsp;So the debt to credit ratio is less likely to be an issue.<br/><br/>I ask this question because I had a consumer LOC that I paid off after 3.5 years on a zero interest deal, and then it remained inactive for 2.5 years before the creditor closed it on their own. &nbsp;If I open another relatively small consumer LOC, I just want to ensure that I end it on the most favorable terms possible instead of being surprised when my creditor closes my consumer LOC.<br/>I suppose getting a non-consumer LOC (Visa, MC, etc) with 0% APR may be possible with some retailers, but I would prefer to avoid that route because I already have 3 long established credit cards.<br \><br \>6 replies Sun, 29 Jan 2012 17:03:00 GMT http://www.zillow.com/advice-thread/Which-yields-a-better-credit-score-Keep-a-paid-off-consumer-LOC-open-or-closing-it-after-payoff/430288/ 2012-01-29T17:03:00Z 3 yr. post bk with foreclosure, http://www.zillow.com/advice-thread/3-yr-post-bk-with-foreclosure/430000/ ready to buy $160,000, $32,000 down. <br/>most of the information in title.&nbsp; down payment is not going to wipe out all savings.&nbsp; in zip code 85234 we're wondering what kind of rates to shop for, both 15 yr. and 30 yr. as we are 61.<br/>Our credit scores are 700-720 and we are wondering what kind of rate we should expect for both 15 and 30 yr. mortgages.<br \><br \>2 replies Thu, 26 Jan 2012 18:24:00 GMT http://www.zillow.com/advice-thread/3-yr-post-bk-with-foreclosure/430000/ 2012-01-26T18:24:00Z What can I do to get more (or better) quotes for my loan request ZR-YSPGSKX http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-YSPGSKX/426659/ 1 reply Sat, 24 Dec 2011 17:33:00 GMT http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-YSPGSKX/426659/ 2011-12-24T17:33:00Z Questions about credit score disclosure from lender http://www.zillow.com/advice-thread/Questions-about-credit-score-disclosure-from-lender/423862/ I recently got pre-approved for a <a href="http://www.zillow.com/mortgage-rates/">home loan</a>. &nbsp;A few weeks later, I received a letter in the mail from my <a href="http://www.zillow.com/directory/lenders/">lender</a> that said they must disclose the scores that the lender receives from their consumer reporting agency. &nbsp;They provided the credit score from each agency along with "key factors adversely affecting your credit score in the model used". &nbsp;While I am content with this score, I do want to maintain it, and I have questions about one key factor in particular:&nbsp;"Lack of recent installment <a href="http://www.zillow.com/mortgage-rates/">loan</a> information".<br/><br/>Can someone give more examples of "installment loans"? &nbsp;I think the only account of mine that might fall into this category was a student loan paid in full &amp; closed 3 years ago right before interest became due. &nbsp;If I am looking to buy an investment property in a few years, is there something other than a car loan that would help me prevent this ding to my score? &nbsp;Equifax and Transunion noted this as one key factor.<br \><br \>7 replies Thu, 24 Nov 2011 01:29:00 GMT http://www.zillow.com/advice-thread/Questions-about-credit-score-disclosure-from-lender/423862/ 2011-11-24T01:29:00Z