Zillow Advice: Credit Scores - Seeking mortgage with a 592 (and rising) credit score http://www.zillow.com/advice-thread/Seeking-mortgage-with-a-592-and-rising-credit-score/508017/ Zillow Advice | Zillow Real Estate First off, best of luck with ... http://www.zillow.com/advice-thread/Seeking-mortgage-with-a-592-and-rising-credit-score/508017/ <p>First off, best of luck with your house hunting. Enjoy it, it's a great time! As a majority of lenders have answered previous to me, there are multiple different scenerios and programs which would suit your current situation. It is possible to get approved for a mortgage in your current credit situation, but also highly suggest working on your credit score. Your credit score is made up of several different factors ( Payment history (35%), Amounts owed (30%), Length of credit history (15%),Types of credit in use (10%), New credit (10%)). You would be amazed how much your score can increase with proper knowledge. I am a local Philly resident/mortgage lender myself and would appreciate the chance to speak with you in the near future. Call or shoot me an email and I will be more than happy to assist.<br/><br/>Kyle</p> Wed, 28 Aug 2013 20:29:00 GMT http://www.zillow.com/advice-thread/Seeking-mortgage-with-a-592-and-rising-credit-score/508017/ 2013-08-28T20:29:00Z Hi there, we offer FHA and ... http://www.zillow.com/advice-thread/Seeking-mortgage-with-a-592-and-rising-credit-score/508017/ Hi there, we offer FHA and VA down to 580 credit score. The interest rate is about .25% higher than it would be with a 640 score, but it's an option. I would certainly review your credit profile, run a 'what if simulator' to see what we can do to increase your score, discuss and implement. And then we can run a Rapid Re-score, which allows us to Re-score your credit in a week, as opposed to waiting a few months. We're a Pennsylvania Mortgage Company about 30 minutes west of Philadelphia, feel free to give me a call or email if you would like to discuss further. Thank you Fri, 23 Aug 2013 20:14:00 GMT http://www.zillow.com/advice-thread/Seeking-mortgage-with-a-592-and-rising-credit-score/508017/ 2013-08-23T20:14:00Z I can work with you and you ... http://www.zillow.com/advice-thread/Seeking-mortgage-with-a-592-and-rising-credit-score/508017/ I can work with you and you will be surprised that with your work we can get you above 640 (no promise) but you don't want to just get by or into a mortgage but obtain a good rate also. &nbsp;Contact me for assistance.<br/> Thu, 22 Aug 2013 21:00:00 GMT http://www.zillow.com/advice-thread/Seeking-mortgage-with-a-592-and-rising-credit-score/508017/ 2013-08-22T21:00:00Z There are certainly some ... http://www.zillow.com/advice-thread/Seeking-mortgage-with-a-592-and-rising-credit-score/508017/ There are certainly some lenders, like myself, that can give loans with a credit score like your. Although the average minimum credit score for loans like an FHA loan is 620, some lenders can go as low as 580 and others can go as high as 680. I would suggest that you shop around and see what lenders can do for you, it wouldn't hurt. I would still recommend that you try to increase your credit score. The most effective way to fixing your credit score is to pay your revolving credit card balance and debt.<br/><br/>Well I hope this helps! If you have any further questions or if you would like a loan, feel free to contact me with the information on my profile page. <strong><em><u>[Self-promoting content removed by Zillow moderator due to violation of <a href="http://www.zillow.com/howto/GoodNeighborPolicy.htm">Good Neighbor Policy</a>.]</u></em></strong><br/>Good Luck! Thu, 22 Aug 2013 19:10:00 GMT http://www.zillow.com/advice-thread/Seeking-mortgage-with-a-592-and-rising-credit-score/508017/ 2013-08-22T19:10:00Z This is something I can absolutely ... http://www.zillow.com/advice-thread/Seeking-mortgage-with-a-592-and-rising-credit-score/508017/ This is something I can absolutely assist you with.&nbsp; We can finance down to 530 FICO for FHA or VA loans.&nbsp; Feel free to contact me through my profile if you wish to discuss further. Thu, 22 Aug 2013 17:28:00 GMT http://www.zillow.com/advice-thread/Seeking-mortgage-with-a-592-and-rising-credit-score/508017/ 2013-08-22T17:28:00Z National guidelines state ... http://www.zillow.com/advice-thread/Seeking-mortgage-with-a-592-and-rising-credit-score/508017/ <p>National guidelines state that you can go down to a 580 FICO on either FHA home loans or VA home loans. So yes it is possible. I would suggest continue to work on the credit, once you reach a score of 620 or higher your interest rate will be much more favorable as opposed to trying to get a loan with sub-600 credit.</p> Wed, 21 Aug 2013 22:45:00 GMT http://www.zillow.com/advice-thread/Seeking-mortgage-with-a-592-and-rising-credit-score/508017/ 2013-08-21T22:45:00Z We do have an FHA lender ... http://www.zillow.com/advice-thread/Seeking-mortgage-with-a-592-and-rising-credit-score/508017/ We do have an FHA lender that will do it. &nbsp;usloans dot com&nbsp; Wed, 21 Aug 2013 22:22:00 GMT http://www.zillow.com/advice-thread/Seeking-mortgage-with-a-592-and-rising-credit-score/508017/ 2013-08-21T22:22:00Z