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FHA w/ 608 credit score...anyone doing these?

Hello,Due to irresponsibility when I was younger, my credit is pretty bad. I've been working to fix it for the last two years and as of now, I have ZERO past due debt (all accounts show 0 balances), a car loan that has been current for 2+ years (only 4 payments left), and a consolidated student loan that has never been late. No credit cards or other revolving debt. All this comes together for an Equifax/FICO score of 608. I make $77K/year and will have $30K to put down on a $195-220K home. I am married, but my husband won't be on the loan. I would like to purchase within the next six months.Is this possible???? Thank you in advance! by redhed_603_343 from Abq, New Mexico. Oct 21st 2011 Reply


Charlie Camp (CharlieC)
#60 ranked lender in Florida - 3 contributions

Get a credit card. That will bring your score up. Use it once, pay your car payment with it, pay the electric bill with it, buy groceries. Pay It off and don't use it again until after you get a mortgage.

Oct 22nd 2011
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Gary Crist (coloradoreversemortgagelender)
#26 ranked lender in Colorado - 38 contributions

I recommend to my customers the Account Now Visa, it is the perfect alternative to a checking account! Build your credit score, no credit check, no overdraft fees, no bounced checks. Copy and paste this link to sign up: https://www.accountnow.com/mktcap/signup2_mb.aspx?pcode=Szf02Co005&rfid=610376&promocode=crist2162

Oct 22nd 2011
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Jeff Cost (midwestlender)
#41 ranked lender in Ohio - 164 contributions

In mortgage lending we use the midle fico score. Just because your Equifax score is a 608 does not mean you would not qualify. We need to pull a tri-merge credit report to find out what Experian & Transunion are reporting. I provide free pre-approvals and a free copy of your tri-merge credit report. Respond back to me and I would be happy to help you. ENG Lending, A Division of Bank of England, always puts your best interest first. We would appreciate the opportunity to serve you. Please visit us at www.cincinnatimortgagerate.net. You will soon find that we are so much more than a Mortgage Banker; we are a company that is dedicated to empowering our clients and referral partners. Don't forget to visit our Facebook Fanpage at http://www.facebook.com/pages/ENG-Lending-Cincinnati/171183536269710#!/pages/ENG-Lending-Cincinnati/171183536269710?sk=wallOr Call Anytime 513-403-6260<!-- Place this tag where you want the +1 button to render --><g:plusone annotation="inline"></g:plusone><!-- Place this render call where appropriate --><script type="text/javascript"> (function() { var po = document.createElement('script'); po.type = 'text/javascript'; po.async = true; po.src = 'https://apis.google.com/js/plusone.js'; var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(po, s); })();</script>

Oct 22nd 2011
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Kelly Krauth (KKrauth)
#1 ranked lender in New Mexico - 28 contributions

You can qualify- call me in Albuquerque-505-286-3071.

Oct 22nd 2011
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Kelly Krauth (KKrauth)
#1 ranked lender in New Mexico - 28 contributions

based on your statement I can qualify you- will need to pull credit and verify income, assets and liabilites but I can do this score. Call me 505-286-3071

Oct 22nd 2011
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Steve Vaserman (StevieV)
#56 ranked lender in Illinois - 7 contributions

Consider Rapid Rescore when you speak with your broker/lender. You can dramatically improve your scores within 72 hours.Steve Vasermanwww.SupremeLendingIL.com

Oct 24th 2011
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JOE GARRETT (www.Texaslowcostmortgage.com)
#45 ranked lender in Texas - 18 contributions

We do credit scores down to 600. They aren't easy, but we close a couple of them a month.

Oct 24th 2011
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