There are three scores, from Experion, Trans Union, amd Equifax.  The lenders require that 2 of 3 be at 620 or better.  Some lenders and banks require much higher scores, generally 680 or even 720.  But because we are brokers, we just send our loans to whichever lender has the best rates for our individual client.  Rates are generally from 5.25 to 6% right now.  They vary daily, sometimes 2 or more changes per day. 

Everything depends on three basic things:  1.  Your credit score including credit history, 2. the amount of cash you have in the bank, and 3. your income, including work history. 

We should find out if you are qualified to even apply for a loan.  We call this getting "prequalified."  Just email me the following info:

Legal name.                

Marital status

Date of birth

SSAN

Monthly income before any deductions. 

Send this to robinhauck@aol.com .

 You can also go to www.TexasMC.com and complete the loan application at that site.

 Either way, we'll put you in our computer and let you know within 24 hours.  If you're good, we'll go look for a house right now, since we're both Real Estate Brokers as well as Mortgage Brokers.  If you're not good, we'll tell you exactly what the ptoblems are, and tell you exactly what must be done in order to qualify.

 Thanks!

 Robin