My credit is a 607 but i paid off 2 items in collections this past week my wife's is a 719 who will approve us for 162

Thanks for your inquiry, Josh. First off, paying off collection accounts actually does nothing at all to your credit score. Credit bureaus score the number of collections, not their balances. Your only way to improve credit with collections is to get the collector to agree to remove or delete it. Mortgage companies take the lower of your two middle scores for qualification, but I can actually do credit scores down to a 560. Feel free to call or email me to get pre-approved.

Our VA loan program will also let you go down to a 560 credit score. Zero down payment on our VA loan as well. Email me at cvelkovich@nrlmtg.com and I can get you more info.

Depending on the age of the collections you paid off you may see your score go up or down. There is much more information needed to see how much home you can qualify for. If you would like to find out more about what programs are available for you and your wife you can email me your contact information and we can talk about your specific situation. kiernan.brown@huronvalleyfinancial.com

Bad credit didn't happen overnight, and simply paying off two collection items the past week isn't likely to magically fix your credit today. The collections will still be on your repair because they still happened. Paying them off will always be the right thing for the future, but in the short-term could potentially lower your score. You are on the right track by paying them off...

Mr. Williams, Good morning. My name is Brad and we can lend on VA to 100% with a 580 and to 90% at a 560 credit score. It is best to get your scores over 620. Please call me to discuss this further as it is definitely a phone conversation or lots of back and forth on a public forum. Have a great day and I would appreciate the opportunity to be of service!Brad Cahoone - NMLS ID: 184176- Global Home Finance Inc. - NMLS ID: 316441 - 972-724-3222 ext. 227 or bcahoone@globalhomefinance.com - http://globalhomefinance.com/apply.php