Compare Mortgage Quotes

sunnyca2009 · Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)

In this market unless you are doign FHa, you will need more than 680 to get a loan at good interest rate

hemsleysue · Joined: 13 Sep 2009 Posts: 72 0.02 Dollars($)

you can get FHA loan provided you are able to fulfill other specified conditions

Guest

I was shocked to find that my credit score was 630. I have no debt, have paid my bills regularly, and my gross income is about 8K/month.

On my credit report, I found that there was one derogatory transaction resulting in an unpaid credit card balance of $200, but resolved it. I was unaware of a charge (automatic charge) and it had accumulated 5 months of late fees.

I expected my score to be in the 700s. Would this bring my score down that much??

smithsussane · Posted: Wed Dec 02, 2009 10:15 pm Post subject:

Hi TMan!

Welcome to forums!

Late fees for the the past 5 months can definitely affect your credit score. I would suggest you to pay off the late fees. This will help you in rebuilding your credit to some extent.

Sussane

gmakerley · Posted: Thu Dec 03, 2009 8:42 am Post subject:

tman, there are lots of other factors that come into play in your score, of course. but lates over a protracted period of time that accumulate will certainly have quite an adverse effect. you ask "would this bring my score down that much?" i guess the answer is "yes." you'll want to review the other factors, which i presume you would have been provided when you received this score. there may be other things you can do to enhance your score at this time as well.

Guest

I had tried apply for a new car loan threw a bank I been with 12 yrs.
They rejected my loan. So I went to a local cedit union.
Right on spot they ran my fico score I'm a 730!
Was approved for the best rate offered. So maybe others should also try
Credit Unions over banks. Worst part was tho after bank ran my score
They wouldn't give me my information on the fico! Made me feel I had bad credit.

gmakerley · Posted: Wed Mar 31, 2010 9:50 am Post subject:

marla, if i did any more advertising for credit unions, they'd have to pay me! i worked at one formerly, and i firmly believe in the credit union movement. i'm not surprised at what happened with you; banks are not exactly what we might call "user-friendly" and credit unions are all member-based...so obvious why they're more likely to help someone.

Guest

my credit is 630 and i want to get a mortgage loan i have no debt and make about 40000 a year

smithsussane · Posted: Mon Oct 04, 2010 11:46 pm Post subject:

Hi bobby!

Welcome to forums!

You'll be able to qualify for a FHA loan with a credit score of 630. You should contact the local lenders offering FHA loans and check out whether or not they can pre-qualify you for a mortgage.

Feel free to ask if you've further queries.

Sussane

Guest

i have 629 andtwo 631 scres wtith buraeus and nothing bad on credit for couple years can i get fha mortage

adonis · Posted: Wed Nov 03, 2010 10:25 pm Post subject:

Hi george,

With the credit score that you have, you'll be able to get a FHA mortgage in your name. You should contact the local FHA lenders and apply for a loan.

Guest

my credit score is 630. i have medical bills for $12.000 may i qualify for a mortgage

smithsussane · Posted: Mon Feb 14, 2011 10:06 pm Post subject:

Hi pouta!

Welcome to forums!

With a credit score of 630, you can qualify for a FHA loan. You should contact the local FHA lenders and apply for a loan with them. They will check your financial situation and let you know whether or not you can get a loan.

Feel free to ask if you've further queries.

Sussane

gmakerley · Posted: Wed Feb 16, 2011 11:36 am Post subject:

Pouta, the extent of your medical bills could easily prevent you from qualifying for a mortgage. Are you in the process of repaying those bills? Are there judgments or collection accounts that appear on your credit report? You need to address these issues before you apply for a mortgage.

Guest

I make $220K a year with a median credit score of 630 and am a veteran. Can I qualify for a home loan of $500K. I have about $5K in revolving debt and about $29K in installment debt. I also have $20K in savings as well as over $100K in stock. My low score is mainly due to starting over 7 years ago so my history is short. No bankruptcies, judgements or liens.

Company	Loan Type	APR	Est. Pmt.
				Go
				Go
				Go
				Go
				Go
				Go

All times are GMT - 7 Hours
Previous 1, 2, 3, 4 Next
Page 3 of 4

Property State:
Property Type:
Credit Rating:

Compare Mortgage Quotes

At FICO Score of 630, can I get mortgage or improve score?