Credit Scores Needed to qualify for a Ky Mortgage


FHA, FHA loan, First-time buyer, home loan, Kentucky, Kentucky Housing Corporation, kentucky usda lenders, Kentucky-Louisville, khc, KHC’s (Kentucky Housing ) First Mortgage Government, Loan, Louisville Kentucky First Time Home Buyer, Mortgage loan, Real Estate, Zero down home loans

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Will-Medical-Collections-and-Student-Loans-Ruin-My-Mortgage-Chances-300x30035855b1b821a96581d1609af7191a394What Credit Score do You Need to qualify for a FHA VA KHC Kentucky Mortgage What Credit Score do You Need to Buy a  Kentucky Home? When it comes to mortgages and credit scores, there are two really…

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2 thoughts on “Credit Scores Needed to qualify for a Ky Mortgage

  1. If you apply for credit and are denied, you have the right to obtain a free copy of the credit report the creditor used when denying your application. You should obtain a copy of the credit report to make sure that it is accurate. If you find inaccuracies, you should file a dispute with that credit bureau. Here are the phone numbers and websites of the three major credit bureaus:

    Experian-1-888-397-3742
    http://www.experian.com External Link

    TransUnion-1-800-916-8800
    http://www.transunion.com External Link

    Equifax-1-800-685-1111
    http://www.equifax.com External Link

  2. Here are some important tips to increase your credit score:

    .
    Pay your bills on time. Late payments can hurt your score significantly. If you have missed payments, get current and stay current. The more you pay your bills on time, the better your score.
    Keep credit card balances low relative to credit limits (30 percent or lower is recommended). “Maxing out” your credit cards means you have a very high utilization rate, which significantly lowers your credit score.
    Pay off debt rather than moving it around.
    Open new credit accounts only as needed; new accounts decrease the average age of your total accounts. Having accounts that have been opened a long time increases your credit score.
    Avoid closing credit card accounts because this also decreases the average age of your accounts.
    Apply for installment loans (mortgages, car loans, etc.) within a 30-day period because most credit scoring models will count multiple inquiries within a short period of time as only one inquiry.

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