We were in the process of making an offer on a house in Florida and was accepted only to find out that our scores were at 600.I did some repair deletion and removal of some items, found out our current motgage was not being reported to Credit B due to it not being reafirmed on a 2004 Bankrupcy , wich we did not know also car loan is only being reported to Transunion. House mortgage payment is over 2 yr. current and car loan also good. Can put 100,000 down , montly income around 3,800, and will only have new mortgage if we can get approved as we have our current home for sale, wich has around 80,000 equity and expecting lg. settlement soon! Can someone get us financed, really want this home!!

Good morning: Sounds like you need to repair the credit first before obtaining financing. I would create an account on www.annualcreditreport.com. This is the only real free website in which you can monitor your credit report. If the mortgage was truly re-affirmed then you need to pull up your Bankruptcy paperwork and dispute the inaccurate data so that you can wipe out the derogatory information. Same with the vehicle. This should raise your scores significantly with a rapid re-score with a loan officer and then you should be clear to obtain a loan as long as your credit is overf 640 mid score,

hi there:Please contact me so I can try to further assist since I work with fair credit. What type of property is the new subject transaction? Have other questions to ask you etc..I have an investor I work with that will accept 560 scores and up..also work with hard money lenders. Mike (703 505 5300)

You could ask your lender to arrange for a rapid rescore. That would require that you document and prove the errors. It can be costly but it seems that you need only one line updated from one credit repository so it should not be too expensive.Unfortunatley, all this could have been avoided if your lender had provided you with a thorough pre-approval and examined your credit for such issues. Making certain that everything meets agency guidelines is a critical step best done at pre-approval, not after you place an offer on a home.