- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Credit report mortgage inquiries
Posted on 5/21/14 at 1:03 pm to novabill
Posted on 5/21/14 at 1:03 pm to novabill
quote:
This can result in a lower score as well. Go charge something on your cards and see the impact on your scores.
I use them but don't carry a more and 5% balance. I paid them off in full last month.
1
Posted on 5/21/14 at 1:05 pm to Teddy Ruxpin
quote:
I still vote that this will self correct if he just waits a week or two.
I hope your right.
Posted on 5/21/14 at 1:08 pm to dave12345
quote:
I use them but don't carry a more and 5% balance. I paid them off in full last month.
I have had clients have their score drop by paying off their credit cards. While I do not think it would drop that much from having a balance, I do not think having the inquiries would have that much effect either.
What type of loan are you getting, are the lower scores hurting you?
Posted on 5/21/14 at 7:39 pm to novabill
quote:
What type of loan are you getting, are the lower scores hurting you?
USDA
Posted on 5/22/14 at 12:43 pm to dave12345
With USDA you do not need the higher scores. There is a slight bump in pricing with scores below 680, but anything above 680 middle score is good with USDA.
Posted on 5/22/14 at 10:15 pm to dave12345
Min score required rural development/usda is 640.
I locked a buyer today 4.25%. At 680 makes file stronger with underwriter. Just make if score is a little lower than 680.,make sure your loan officer runs it thru GUS underwriting system.
FHA as low as 3.75% but that pmi is a pain.
I locked a buyer today 4.25%. At 680 makes file stronger with underwriter. Just make if score is a little lower than 680.,make sure your loan officer runs it thru GUS underwriting system.
FHA as low as 3.75% but that pmi is a pain.
Posted on 5/22/14 at 10:59 pm to lsu tigerdog
quote:
Min score required rural development/usda is 640.
Not exactly. But it is easier to get an approval.
USDA will allow an approval with a lower score but many lenders do still require a 640. We can go to 620 if we have a GUS approval.
quote:
I locked a buyer today 4.25%
4.25 with no down payment and cheap monthly fee? Great Job, should be some happy homeowners.
I locked a guy today that had a CH 7 3 years ago and his foreclosure was just completed last month.
I love the USDA loan for helping people realize their dream.
Page 2 of 2
Popular
Back to top
Follow TigerDroppings for LSU Football News