Investor · Columbia, SC · Member since 2010 · 30 posts · 6 votes
Looking to buy an investment property in South Carolina, score is between 600-620. need help located a broker that can help with situation. I have w-2, down payment, just lack the score to quality regular loan.
@Nattapon Permchom this one might be a challenge. Even with loans that don't conform to Fannie/Freddie guidelines they usually need a pretty decent credit score. Do you know why your score is "lower"? Sometimes lenders have a program that can show you how to improve your score X amount of points with a few thousand of paying down debt. That might be an easier route if it's possible.
Looking to buy an investment property in South Carolina, score is between 600-620. need help located a broker that can help with situation. I have w-2, down payment, just lack the score to quality regular loan.
This is gonna be rough. I highly recommend you bring your utilization down from 4% and work your way down to 2.5% (make sure your payment is submitted 2 days before your credit card company's statement date).
I've seen 680s jump to 750 within 3 months.
If you have debt it is best to hire an attorney to deal with it or fight the debt yourself and require a written email stating they will remove the inquiry from your credit report after you have paid X% of the debt you owe (you can usually settle for a huge discount).