Kentucky Mortgage Loan Info in regards to Credit Score, Down payments and debt to income ratios.


Loan Info in regards to Credit Score, Down payments and debt to income ratios.   Here are a few Kentucky mortgage misconceptions in regards to qualifying for a Mortgage loan in 2020 Credit Score Myth For Kentucky Mortgage Loans 53% of people surveyed believe they need a minimum credit score of 650 to qualify for … Continue reading Kentucky Mortgage Loan Info in regards to Credit Score, Down payments and debt to income ratios.

How are collections treated on a Mortgage loan in Kentucky for a FHA and Conventional Loan Approval?


Collection Account Tips for Fannie Mae and FHA Loan in Kentucky. Do they have to be paid to get approved for a Kentucky Mortgage Loan? Collection accounts  on the credit report can sometimes hurt your chances of getting approved for a Kentucky Mortgage loan in Two ways: First, if collections are recent, they may drag … Continue reading How are collections treated on a Mortgage loan in Kentucky for a FHA and Conventional Loan Approval?

Lenders continue to lower FICO requirements for new homebuyers


  The average agency FICO score for banks is high at 745, compared to 713 at nonbank lending institutions.  Both show FICO requirements are on the way down, but it's more pronounced at the nonbanks. Here's why. Source: Lenders continue to lower FICO requirements for new homebuyers   The nation’s major banks are continuing to … Continue reading Lenders continue to lower FICO requirements for new homebuyers

Does bad debt, collections, or charge offs on credit report have to be paid off to get a VA loan approval in Kentucky


Collections on Credit Report and How They affect a Kentucky VA Mortgage Loan Approval   Collection accounts are accounts for a debt that have been submitted to a collection agency by the creditor generally due to nonpayment. Below are general tips and guidance on what DU will require when collection accounts are reporting on a borrower’s … Continue reading Does bad debt, collections, or charge offs on credit report have to be paid off to get a VA loan approval in Kentucky

How to boost your credit score for A Mortgage Loan Approval in Kentucky!


  Want to increase your credit score before buying a home? It might be easier than you think. Focus on these 6 steps and watch your score climb. Source: How to boost your credit score What Can Improve a Credit Score Keep Your Balances Low It’s important that you try to keep your balances at … Continue reading How to boost your credit score for A Mortgage Loan Approval in Kentucky!