Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Mortgage
Profile Image

Question By
netdiversf

0 Contributions
0 People Helped
What credit score do I need to qualify for a mortgage?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 11-12 of 12Results per page: 5 | 10 | 25Page 2 of 2   Previous | Next
1 Contribution
1 Person Helped

86000 loan with a crediy score of 598

Helpful to 1 out of 2 people

is it possible to get a FHA or other type of loan for a home that is appraised at $130,000 is only asking $86,000 for it my credit score is currently in a 598 but I'm working with a credit repair person to raise it within the next month is there anybody that would lpass me for a ficxed rate mortgage loan with a score this low?

Reply by
SteveThePirate

2 Contributions
3 People Helped
Helpful to 3 out of 3 people

I would say that it is possible but the interest rate would be high! I have seen signs on the side of the road for people that work with people who have a credit score of 580 or higher. Do what is required to get your credit up. If you paid off your debt and made small purchases/paid off all cc debt each month, I bet your credit would shoot up to 620 and you would have a better chance to get a better loan.

3 Contributions
55 People Helped

PMI REFUND?

Helpful to 3 out of 7 people

Now that my mortgage is paid to $70,000 on property CONSERVATIVELY valued at 150,000, am I eligible to apply and GET a refund of pmi I may be paying? If so, how do I go about requesting it?

Reply by
Chadleybradley

1 Contribution
0 People Helped
Helpful to 0 out of 1 people

depends, a sure fire way is to refinance, or you can try contacting who holds your mortgage and see what they want. Most likely either way will need an appraisal.

Results 11-12 of 12Results per page: 5 | 10 | 25Page 2 of 2   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.