Great Income poor/fair credit are there any options for me.
My FICO score on all three bureaus is 660. However I'm finding out there is another calculation that the mortgage industry uses. My score on that model is 644, 600, 603. There are two student loan payments I was past due on (didn't realize they kicked in) showing late for December 2010 and January 2011 and one write off that is roughly three years old.The positives are that 72% of my credit is available and my income is $87,500. Are there options for me now or is it best for me to hold off? by l_arid_933_417 from Cincinnati, Ohio. Oct 11th 2011
Tim Bradford (Tim Bradford)
#5 ranked lender in Ohio - 145 contributions
The only answer or suggestion that I can make is that you share your credit report with a lender that is willing to work with you until your scores come up to the levels required by investors today.
Nathan Rufty (nathan.rufty)
#527 ranked lender in California - 63 contributions
work on the credit a little to obtain the 620 needing for a loan, may need to pay down some credit card debt, see if you can reverse the late pays on the credit, if oyu wish to fax your credit to me and let me review it to see what is going on with it and I can give my 2 cents to see how you can improve your credit, call me for my fax number at 909-230-4395
Clark Harvey (Clark@ClarkHarvey.com)
#47 ranked lender in Utah - 9 contributions
Yes there are options now, however, to get the best rate you might want to watch this video about our credit services. https://vrtmg.financialeduservices.com/video/FES7min.asp or you can contact me at my office 801-562-9100. Clark Harvey
William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions
Based on what your stating in your question, there must be more to the credit then a couple of paid past due student loans.. Contact a local mortgage broker, not a BANK, and have them look at your credit report. They can determine what needs to be done to increase the score to get you fully qualified. WilliamAcres.com
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