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leroyjackson75 · Joined: 22 Apr 2009 Posts: 1 1.50 Dollars($)

I am trying to buy a home and I only have six months until my credit report is pulled again to see if I qualify

Garysnober · Joined: 17 Mar 2009 Posts: 450 15.29 Dollars($)

Hi leroy, Your trying to improve your score by 9 points? In 6 months that should be no problem if you make your payments on time and pay down your debt a little bit.

Realgeni · Joined: 13 Apr 2009 Posts: 1434 99.76 Dollars($)

can you share your current situation as realtes your outstandign credit and any other past history, which may have caused you to have a low credit score.

gmakerley · Posted: Thu Apr 23, 2009 6:36 am Post subject:

if you're doing what you should be doing (paying off any old bad debt, decreasing balances on existing debt and paying it on time, not shopping for new credit), then you absolutely ought to be able to achieve this 9 point increase.

i caution you, however, that virtually every program that exists is looking at a minimum score of 620 now. i did learn from one of my lender friends that there are programs available in her market for those with scores as low as 600, though.

in either event, you need to aim higher. don't settle for 9 points of improvement. 6 months is also sufficient, perhaps to get that extra 20 points you may need. if you are paying things off, do them as quickly as possible.

Guest

Ok I filed Bankruptcy back in Sept 2008, since then I brought a car in Feb of 2009 payments always on time and one other cc that I pay on time always can anyone tell me why there is no change to my credit score?

jenkin7 · Posted: Thu Oct 15, 2009 12:08 am Post subject:

Hi vivian,

You need to keep a constant check on your credit report to see if the lenders have been reporting your payments to the credit bureaus. You could be making the payments on time, but that does not guarantee that the payments are being reported to the bureaus regularly. Check your credit report and see what has kept your scores low. If any wrong information is reported, dispute them and have them removed from your credit. If the lenders have not been reporting your payments, request them to keep the bureaus updated with your account status and the payments you make towards your loan obligations.

theofaulhaber · Posted: Thu Oct 22, 2009 2:31 pm Post subject: 550 CREDIT SCORE

LEROY,
You need a minimum score of 550 for an FHA loan

Guest

Does any one know what is the lowest fico score for obtaining a housing loan through fannie mae or fha? how do I raise my credit score in six months?

tfaulhaber · Joined: 14 Sep 2009 Posts: 9 2.38 Dollars($)

Our minimum credit score on our portfolio FHA product is 550. 620 seems like the standard for most companies.

greggwyburn · Joined: 13 Sep 2009 Posts: 60 0.00 Dollars($)

It is min 620.

tfaulhaber · Joined: 14 Sep 2009 Posts: 9 2.38 Dollars($)

Mary Ann,
Minimum credit scores differ from lender to lender to depending on the bank or the broker's end investor. My company funds and services our loans and OUR MINIMUM CREDIT SCORE ON FHA LOANS IS 550. What you will find is the most broker's will have a minimum requirement of 620 due to their end investor's requirement. You can also look into First Guranty and Mid Island. Their are several lenders still financing loans under 620.

Guest

Try naca.com they don't give you home loans based strickly on your credit score and the financing is below the market rate.....

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my credit score is 571 can i get it up to 580 in six months