Hard to answer your question without viewing the credit report... I always suggest you contact a local credit repair company. They are the experts... Sure, it may cost a little money for their services, but more often than not, it is well worth the costs.
You would need to sit down with the lender of your choice to review your currentcredit report and findings. With that, the lender can help you with options andinformation.
For the first question, It will depend on the person to whom you are dealing with. As far as improving credit scores...put all your bills on auto payment and don't miss any for the next 12 months. Also, some banks like, capitol one, ally bank offer prepaid credit cards and they report your progress to the credit bureaus. Use them once a month for 15 bucks, and pay it off a few days later....be disciplined in this, it will become a habit and thus giving you better credit.
Thanks for the question, Greg. There are two options for you if you're trying to sell this home. The first thing that I would do is to have the Buyer see if he can qualify under our Low FICO FHA Program, which will let me do credit scores down to a 560. Otherwise, once I have their credit report, I can run a credit analysis on them to determine what, if anything, can be done in a short period of time to get the credit scores to where they need to be to get them approved. If either you or the Buyer want to give me a shout, I'd be happy to try and help.(512) 669-5252cvelkovich@nrlmtg.com
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