FICO score increase

[Anonymous]

My wife and I are applying for a home loan FHA is there anything I can do to quickly improve my score

[ngerasimatos]

FHA home loans are not score driven. Anyone can qualify for FHA as long as you have 3% down payment.

[Anonymous]

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peloncito79 wrote:

My wife and I are applying for a home loan FHA is there anything I can do to quickly improve my score

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While FHA doesn't require a certain score........some lenders are starting to require a certain score.

FHA looks at things such as public records, collections, payment history, debt to income, etc.

You will get lots of advice over on the mortgage thread.

[Anonymous]

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sidewinder wrote:

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peloncito79 wrote:

My wife and I are applying for a home loan FHA is there anything I can do to quickly improve my score

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While FHA doesn't require a certain score........some lenders are starting to require a certain score.

FHA looks at things such as public records, collections, payment history, debt to income, etc.

You will get lots of advice over on the mortgage thread.

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Also they require you to be perfect at least 1 year with no BK's on your entire record.  If you had a BK then it is 2 years.

Message Edited by monro411 on 03-13-2008 11:07 AM

[2anewu]

Just talked to a mortgage company today and was told that as long as I have a mid score of 585 -- I could get a 6.5% interest rate. Of course I am still waiting for my credit reports to update, but I have met that requirement.