xstitchmama1027

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Member Since: June 2011

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what are credit score requirements to purchase a home?

Feb 07, 2013
Helpful to 3 out of 3 people

640 for FHA- USDA used to possibly take lower but I have heard they are changing that soon.

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what are credit score requirements to purchase a home?

Feb 07, 2013
Helpful to 3 out of 3 people

640 for FHA- USDA used to possibly take lower but I have heard they are changing that soon.

My score is stuck at 743. What can I do to get it to 750? Seems impossible.

Feb 08, 2013
Helpful to 3 out of 4 people

Do you have high balances on any loans/credit cards? If so paying them down to within 50% or 30% of the limit might help.

How to correct an error on credit report

Feb 07, 2013
Helpful to 1 out of 1 people

I would contact the mortgage company first and make sure you are not somehow listed on the loan. Then ask them for a letter stating that you are not on his loan, and submit them to the credit bureaus as a dispute. I believe there are templates for dispute letters on myfico.com somewhere, if that helps.  You may also be able to just do a search for a disput letter template online.

is there mortgage that i can get approved by with my credit score

Feb 07, 2013
Helpful to 1 out of 1 people

I know that the lender we are working with said I have to have a 640 to qualify for FHA.  USDA may take a lower score but I have heard rumors that they are going to increase the requirement for their minimum score.

Will logging onto Credit Karma account be noted as an inquiry by a credit reporting agency?

Jan 12, 2013
Helpful to 1 out of 1 people

No, it is a soft inquiry so it doesn't affect your credit score.  It says that somewhere on the site but I can't remember where.

how do i find out whats on my credit report

Jan 11, 2013
Helpful to 1 out of 1 people

Go to annualcreditreport.com. You can pull your report from all three bureaus once a year for free. It will not affect your score since it's your own report.  I think to actually get your score there is a fee, but you can view all three of your credit reports. It's good to get all three because different creditors report to different bureaus; some will not report to all three, maybe only one or two.

What is the lowest score i should use to apply for a mortgage

Jan 10, 2013
Helpful to 1 out of 1 people

Not sure if it varies by state, but where I live the minimum to qualify for an FHA loan is 640. Most places (if not all) will pull your credit report with all three bureaus and use your middle score.  They do this because not all creditors report to all three bureaus. ( I know from experience as I am trying to get pre-qualified to buy a home! :) )

How can you get hard credit inquiries deleted off your credit report?

Jan 10, 2013
Helpful to 1 out of 1 people

Sorry didn't read the whole question! I would submit disputes to the credit agencies reporting them, but also do some research as to who can help you with identity theft as it sounds like someone may have gotten your information somehow.

by closing credit cards that i'm not using does that hurt my credit score

Jan 10, 2013
Helpful to 1 out of 2 people

I have been doing some credit research and have read most places that yes, it does. It is better to keep it open and use it occasionally and pay it right off, from what I have read.  MyFico.com is a great site to do research on about how different things affect your credit score. They have a monitoring service also but it isn't free.  They do however offer a free trial. :)

I have a 683 but I have thin credit, they won't give me credit cards to fix my thin credit

Feb 08, 2013

Do you have any credit cards? You  may try Discover, my credit score was lower than that and I didn't have much credit anymore (used to have too much several years ago) and I got approved. Sounds like you need to add some trade lines to your credit report. What kind of credit do you currently have, if any? Any loans or credit cards?

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