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Need a VA Loan soon and am wanting to boost my score. Should i pay down credit cards to 30% or 20%

by navy.steve87422 from San Diego, California. Aug 4th 2017 Reply


Brian Paris (bparis)
#599 ranked lender in California - 37 contributions

Hey Steve, Yes paying down your cards to 30% or less will maximize your FICO score. If you have any other questions feel free to reach out to me directly 925-698-1114.

Aug 5th 2017
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William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,044 contributions

Hey Steve.. VA loans are heavily insured loan products, so there's very little difference if you have a 650 credit score vs. 750, so paying down your credit cards might not be necessary to qualify.. but without looking at your complete loan profile, it's hard to advise you.. I do have a "Credit Simulator".. which allows me to look at your credit report and make "What if" changes to see what would potentially happen to your score if those changes were permanent.. I'd be happy to run this for you.. just reach out to me.. I'm a preferred Lender with California and Arizona being my primary markets. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com NMLS# 226347 / RPM Mortgage NMLS 1541014 / AZMB0121893

Aug 7th 2017
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