My FICO scores vary widely – will I qualify to get a loan?
My FICO scores are 616, 682, 734…for the three bureaus. I would like to buy a home but I don’t know if my credit is good enough to actually afford one with these scores… In the past, I defaulted (horribly) on my student loans and I have no credit cards. However, I have rehabilitated my student loan and I’m going to attempt to apply for a credit card to bring my worthiness up.
Should I wait until I increase my score but miss out on a possible deal or should I try to buy something now? I am looking for something in the 150K range and I would put down 10-15%.
yes – I got my scores through myfico.com – and they gave me those scores from the 3 agencies. fyi – I live in NYC but I imagined it would be harder to get a loan here. The lowest score (616 – transunion) does not reflect that I have rehabilitated my student loan. I am calling direct loan to see when they update their credit info.. thank you to all of you for your input and advice.
|
Check the Situation That Best Applies to You... And Then Click the Button Below to See Your Credit Scores Free I want my free credit scores I want to apply for a credit card I want to protect my identity Just curious
(Click the button above to see your Experian, Equifax and Transunion credit scores absolutely free) |
March 4th, 2011 at 1:50 pm
you are probably good to go. get with a local mortgage person to get pre qualified
I am a mortgage banker in TN & KY
March 4th, 2011 at 1:50 pm
Where did you get those scores? If one of the "get your score everyday" places they are off as much as 100 points sometimes. So to start wih get your actual FICO scores from http://www.fico.com