STEP 1.)

Complete the Opt-Out Prescreen to save your SANITY! Opt-Out

This will 🛑 STOP the telemarketers, SPAMMERS, & SCAMMERS from getting your contact information and notification that you are interested in a mortgage loan. The credit bureaus, not your lender, sell your information when you start a mortgage application and this is the ONLY way to stop them.

STEP 2.)

Complete the Experian Boost: BOOST

This is a free service from the credit reporting agency, Experian. It is free and CANNOT hurt your credit. I have seen this raise scores from 0 to 35 points. They have you create your Experian Boost account and then log into your bank and credit accounts that are used to pay bills. It take any monthly recuring payments and turns them into POSITIVE credit items on your Experian report.

STEP 3.)

Be sure to thaw/unlock your reports with each bureau. Click each one: TransUnion Equifax Experian

It’s wise to keep your credit record frozen/locked but you must remove the security freeze from each bureau BEFORE requesting a Mortgage Credit Report or it will be blank and you’ll have to come back and order it all over gain.

STEP 4.)

Obtain your Mortgage Credit Report here: oneray.startmyapplication.com

Please wait 5 days after Step #1 before finishing this step. It can take that long for your Opt-Out to be effective.

This step orders your full Mortgage Credit Report and allows me to start working on your “Credit Boost Recipe”™ An inquiry will be added to your record but the improvements we make will far outweigh a single inquiry.

🚨 Married and Separated applicants must order JOINTLY with their spouse. FHA/VA/USDA loans all require married borrowers to include any non-borrowing spouse’s credit report but this is only to count community property debts.

STEP 5.)

Schedule our meeting here: OneRay.com/appt

My office is near CSUF: OneRay.com/map 

I offer the Noon hour for clients to meet with me on their lunch break but you can choose the After-Hours option if needed. Please call for availability outside of posted hours.

I am not an attorney and do not offer legal advise. I do not offer credit repair services. I offer my many years of experience to teach you the things I have seen work for myself and other people.

✿  –  F.A.Q.  –  ✿

Q: What FICO credit score is required to purchase a home?

A: That’s a complicated question. Here is a pretty good answer:

• 0 or Blank – Not bad but different rules. May require alternative credit documentation.
• 300 – 549 – Very Bad credit. You are not ready to buy a home.
• 550 – 559 – Bad credit but possible with 10% down FHA – Very high rates.
• 560 – 579 – Bad credit but possible with 10% down FHA & VA – Very high rates.
• 580 – 619 – Weak credit but possible with FHA, VA & USDA – Very High rates.
• 620 – 639 – Poor credit. 620 is minimum required for Conventional. – High rates.
• 640 – 659 – Okay credit. 640 is minimum required for USDA automated GUS approval. – Okay rates.
• 660 – 679 – Fair credit – Fair rates.
• 680 – 719 – Average credit – 700-720 is minimum required for Jumbo loans. – Better rates.
• 720 – 779 – Good credit – Very good rates.
• 780 – 850 – Excellent credit – Best available rates.

Get my free booklet, Tips & Tricks to Hack your FICO: OneRay.com/boost

Q: Which home loan program is the best?

A: The simple answer is that it depends on your situation and goals but VA & USDA are my first choices but they are limited in who can use the programs. There are numerous buyer assistance programs available. These options also have limitations on who can benefit from them. Most feel the PERFECT loan is a 20%+ down payment Conventional loan but that is certainly not true for most of my customers.

🛠️ PRO TIP: You should meet with a professional. We will see what options are available to you and which ones fit your needs and accomplish your home ownership goals and then make a plan to accomplish that for you! 

Q: My boss/relative/friend has great credit. Can they co-sign?

A: We allow co-signers on many of our loan programs however, the co-signers “great credit” does not erase your “bad credit.” With most loans, the LOWEST borrower’s middle score is used for qualification and in setting your interest rate.

.🛠️ PRO TIP: Fannie Mae uses an average credit score for your loan approval so co-signors do help in qualification. The interest rate is still based on the lowest borrower’s score though.

.🛠️ PRO TIP: This person can help you even more by sharing their credit with you. This is a very fast way to improve your own credit scores when you don’t have very much credit reporting to the bureaus.

NEXA Mortgage, LLC. (NMLS #1660690) Equal housing Lender