Getting a home loan with poor credit?

You may be able to qualify...give me a call at 619-889-4461...Robert Lekven, C2 financial

The first thing I would suggest is you contact a local mortgage broker and apply with them.. The scoring model used to evaluate your credit and produce a credit score is different depending on what your applying for.. So if you apply for a mortgage, the score is based on the likelihood of your defaulting on a mortgage.. if you apply for a car loan, your score would different, and would be based on your likelihood of defaulting on a car loan.. but when you have your credit run just to see what your score is, it uses a totally different scoring method.. our industry calls it the FAKO score, because they are typically higher.. none the less, mortgage lenders look at all 3 major credit reporting agencies, and use your mid score of all 3 to determine eligibility.. That being said, if did get your scores from a mortgage company, then it's going to be accurate. You would need to find a lender who deals with low scores.. they are out there, but understand the lower the score the more strict the guidelines and few that apply actually get approved.. by contacting your local mortgage broker, he can look at your credit and determine which steps would be necessary to improve your score to the minimum.. your local banks usually don't spend the time to help borrowers deal with credit issues, but the local broker does it all the time..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

You really need to speak directly to a Local Lender with whom you can sit down and discuss your credit report. A score for a mortgage loan may be different and a Mortgage Lender can help you understand what you need to do to be ready to buy a home. Plus, your credit score is only one of many components of an approval and they can help you get all of the criteria into qualification. Good Luck.

Without looking at your report, I am guessing you have a lack of credit, which combined with the negative item is holding your score down. The scoring system likes a "well rounded" credit profile - just like your college forced you to take classes to be well rounded. The best profiles are given to those with a long history of on time payments on a few credit cards, a car loan, and a mortgage.

I can likely work with you to get your credit qualified. Be very careful with the medical collection. Depending on how it is reporting, it could actually lower your score to pay it off. I have a lot of experience in working CAREFULLY with these situations to make sure you take correct steps to get a mortgage. I'm happy to help with the financing or just give you advice. If you need more information, or a competing rate quote call, email or use my live support button to discuss or get in touch with me. Web Address is: http://www.loansfromrob.com/quote/ Email is robertlh66@verizon.net and direct phone is 240-752-7549. Good Luck -- Rob Hanson