Inquiries and Credit Scores

Does the TYPE of Inquiry on your credit report Matter? "Above the Line Inquiry" has an impact and the Below the Line - soft inquiry... does not.  The account review is below the line, where a creditor is just doing a check.  The folks who do an employment pull are also below the line. When you apply for a credit card, mortgage, car, etc - those … [Read more...]

USDA Home Loan Credit Qualifications in NC

Good News!  You do NOT need perfect credit to qualify for a USDA Home Loan!  Whew!  This 100% no money down program requires a MINIMUM credit score of 600 - but folks, just because you have a 600 score, doesn't mean you can purchase. These days - we normally need a score above 640 to get the loan approved by Underwriters... unless you qualify for … [Read more...]