Posted on: 26th Jan, 2009 06:40 pm
will I be approved for a mortgage with 3 charge offs, and a score of 640?...My credit score is currently 640, I now have a zero balance on my credit cards, I make 75,000.00 per year, but have 3 charge off accounts on my credit report due to come off in 2012. My score is increasing, but I would like to buy a new home now. Will I be approved?
Hi slyjojo!
Welcome to forums!
It will be the lender's discretion whether they will give you a loan with 3 charge off accounts on your credit report and a zero balance on your credit credit cards. You can try speaking to some of the lenders of your area and check out what they have to say in this regard.
You can also speak to the lenders of this community and seek a no obligation free mortgage consultation from them. This will help you know whether you will be getting a loan or nor and what type of rates you can expect to get if you get a loan.
Feel free to ask if you have further queries.
Sussane
Welcome to forums!
It will be the lender's discretion whether they will give you a loan with 3 charge off accounts on your credit report and a zero balance on your credit credit cards. You can try speaking to some of the lenders of your area and check out what they have to say in this regard.
You can also speak to the lenders of this community and seek a no obligation free mortgage consultation from them. This will help you know whether you will be getting a loan or nor and what type of rates you can expect to get if you get a loan.
Feel free to ask if you have further queries.
Sussane