---

HELOC with No Seasoningm NO FICO

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
911torchgirl Guest	Posted: Mon Jul 11, 2011 5:22 pm    Post subject: HELOC with No Seasoningm NO FICO Like 0 Dislike 0 I own my home outright, paid all cash for it in 2005, but I put the deed under my business name, which has gone belly-up. I will change the deed and put it under my own name, but my FICO is a low 555. I paid $800,000. cash for my home, it is now appraised at $325,000. I would like to pull out $100,000. Do you know where I can apply for an Equity loan with NO Seasoning, NO FICO... ? I am working on repairing my credit, it was a crappy 418, so is slowly at steadily getting higher, but I need to do some minor home repairs and I want to pay my credit off in full... suggestions please, I need them. Thanks for your time.. _________________ Need help choosing the right loan? Get free consultation from community lenders/consultant
smithsussane Joined: 18 Sep 2008 Posts: 10439 Location: Alaska 985.83 Dollars($)	Posted: Mon Jul 11, 2011 9:20 pm    Post subject: Like 0 Dislike 0 Hi torchgirl! Welcome to forums! With a credit score of 555, none of the lenders will be ready to give you a loan. You should have a credit score of around 620 in order to qualify for a FHA loan. To know some steps to improve your credit score, check out the given page: http://www.mortgagefit.com/credit-rating/credit-repair.html Feel free to ask if you've further queries. Sussane

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0