cwatters you need to read the rules of the board. That is obvious spam and not allowed
Post reported _________________ Licensed Broker 50 states http://www.aimwithfocus.com
Need quick advise email or PM Glad to help
Here's the situation; My middle score is just over 600, I have charge offs and collections on my report that are over 6 yrs old... They should fall off about the middle of next year, However I want to buy a home right now, I did not file BK and have no judgments. I was told by one mortgage broker, that lenders want all the derogatory marks removed or paid off before they would approve any loan.. This was for both conventional and FHA. I currently have Lexington Law working to repair my credit, I'm confident my score will take a boost, but I doubt I'll be able to get all derogatory marks removed anytime soon.... My question is; Are their loans out available I can get into with these marks on my credit?... If I'm able to bump my middle score to 680-710, can I still get a decent interest rate? The home I'm looking to buy is $250K and I can put 10% down + pay closing costs. Please let me know... Thanks! Nick
With 600 score you will not get approved for a mortgage with better rates and terms.
"I have charge offs and collections on my report " To get approved for the FHA loans these derogatory marks should be deleted.
"I'm able to bump my middle score to 680-710"
If you can improve your credit score to 680 to 710 points then you should be able get approved for better rates and terms.
Posted: Fri Aug 22, 2008 5:21 am Post subject: RE: removed email address
Hi Nykolos,
The email address has been removed from your post as you've requested for it. On behalf of the community, I apologize if you haven't been given a reply.