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do mortgage rates depend on rental history at all, including past eviction

by kellenjanecek359738 from Stafford Springs, Connecticut. Jan 30th 2015 Reply


Dotty Owens (do1025)
#1 ranked lender in Connecticut - 19 contributions

Hi,If you have had a previous eviction on your credit history, this might effect your rate. There are many other factors also that can offset the rate you are charged, such as how long ago it too place, what the circumstances were, etc.Dotty OwensMortgage BrokerNMLS# 70977C.U. Members Mortgage CorpNMLS # 65128203-469-5626

Jan 30th 2015
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Michelle Curtis Loan Originator NMLS 401173 (EmbassyFundingLLC)
#78 ranked lender in Florida - 2,240 contributions

Only if it has reported to your credit

Jan 31st 2015
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Linda Wintersteen (Linda123)
#62 ranked lender in Arizona - 1,256 contributions

IS is on your credit report ? Is it in the court system? You can do a check thru the courts your self. linda yourloanpartnerforlife@live.com where are you on your credit score ??

Jan 31st 2015
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Sean Young (SeanYoung)
#2 ranked lender in Colorado - 1,112 contributions

If the eviction shows on your credit report this could of reduced your credit score and in in turn may effect the rate, but that depends on when and what type of loan you would be getting. If you are interested in buying, the first step is to contact a local loan officer and complete a loan application and have them review your credit report and finances. This way you can know for sure what you can and can't do. They will go over all of your available options so you will know what rate, payment and purchase price you can qualify for. Best wishes, Sean

Feb 1st 2015
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William J Acres (William_Acres)
#73 ranked lender in Arizona - 8,722 contributions

If you have limited credit then the lender might verify you have paid your housing payments on time.. meaning they will contact your current landlord or property management company.. they can only report payments made 30 days or more late.. as far as past evictions,,, if they went through the court and there was a judgement awarded in the property owners favor, then the lender will know about it and the judgement would need to be satisfied prior to application.. Try contacting a local mortgage broker and let him look at your complete loan scenario, including your current credit report.. that should give him all the info he needs to properly advise you.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Feb 2nd 2015
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