The Situation
This borrower came to me with a 520 credit score, $8,000 saved, and a dream of homeownership. At 520, they didn't qualify for anything — not even FHA (minimum 580). Most lenders would have said 'come back in a year.' I didn't.
How We Solved It
Step 1: I connected them with my credit repair specialist. We identified 3 collections totaling $2,400 that were dragging their score. Two were medical, one was an old phone bill.
Step 2: Credit repair negotiated pay-for-delete on all three. Within 90 days, score jumped from 520 to 645.
Step 3: While credit was being repaired, I pre-qualified them for FHA so we could move fast once the score hit 580+. By month 4, we were pre-approved.
Step 4: Used CalHFA down payment assistance to supplement their $8,000 savings. Total out-of-pocket: about $3,500 in closing costs.
The Result
Closed on a $310,000 home in Corona. Monthly payment: $2,280. From first call to keys: 6 months.
Key Takeaway
A low credit score is NOT a dead end — it's a starting point. With the right credit repair strategy and a lender who plans ahead, you can go from 'unqualified' to 'homeowner' in months, not years. The key is having someone who creates a plan instead of just saying no.
Think You Might Be in a Similar Situation?
Every borrower's scenario is different, but the process is the same: we look at your full picture, find the right program, and create a plan. Whether it's credit repair, down payment assistance, or a specialized loan program — there's usually a path.
Schedule a free consultation to see what you qualify for. No obligation, no pressure — just honest answers about your options.
Contact Aditya Choksi | NMLS #2055084 | (949) 478-7641
This scenario is based on a real borrower situation. Names, exact figures, and identifying details have been changed to protect privacy. Your qualification depends on your specific financial situation.