Posts made in November, 2019

How a 30-50 point increase in your credit score will get you pre-approved to buy a MN home

Posted by on Nov 30, 2019 in home loan

How a 30-50 point increase in your credit score will get you pre-approved to buy a MInnesota home

Before applying for a Minnesota home loan you may use one of the credit monitoring services to check your credit score and history.

Some may check credit karma which isn’t what lenders are going to use as a score. What you are most interested in is getting your credit score above a 580+ credit score to make more of your Minnesota loan …

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Do you have Collections right before qualifying for a Minnesota home loan to buy?

Posted by on Nov 30, 2019 in home loan

Do you have Collections right before qualifying for a Minnesota home loan to buy?

I see soon to be Minnesota home buyers looking forward to getting a home loan, but their collections get in the way, especially with USDA loans. I will tell you right now pre-collections of 60 day late payments makes it tough to get a VA loan.

buying a MInnesota home with USDA loan

USDA although limiting In the area to live, is great with a 100% …

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Online application vs. talking privately 1 on 1 on the phone buying a Minnesota Home Loan Process

Posted by on Nov 30, 2019 in home loan

Online application vs. talking privately 1 on 1 on the phone buying a Minnesota Home Loan Process

You don’t need to call on the phone right away to start the Minnesota home Loan process. In fact I’ve seen people get paperwork over digitally, upload talk live on messenger and get a pre-approval online without really needing to use the phone.

The lenders really just want to have basic info such as w-2’s, bank statements, and employment info. Much of the …

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