Yes, there are several loan programs that offer great financing at good rates and do not have credit score requirements. Most of them are government insured and are made under the FHA, VA or USDA programs while some are available under FNMA &FHMLC programs as well. Instead of credit scores and traditional credit requirements these programs require alternative sources of credit which are typically 12 months' credit rating on 3 non-traditional credit accounts (i.e., utilities, cell phone, personal car loans, day care, Rent to own, etc...). Give me a call if you have any more questions. Thanks, Eloy Benavides
Personal Loan Consultant
Platinum Financial Group of LMI Funding
214 607-1445
eloy@platinumfinancialonline.com
www.PlatinumFinancialOnline.com
FICO score for mortgageDepends on your definition of "good". You can get a mortgage with 686 score. FICO score over 720 will get you the best mortgage rate.
Yes 683 falls into the good range on the FICO score scale. To be in the good range, your score must be between 680 and 740.
A 674 FICO score is considered to be good. The higher the score the better. 700 and above scores are considered the best.
is 718 a good mid fico score
Of course it is! It is my current score.
FICO score for mortgageDepends on your definition of "good". You can get a mortgage with 686 score. FICO score over 720 will get you the best mortgage rate.
Yes 683 falls into the good range on the FICO score scale. To be in the good range, your score must be between 680 and 740.
A 674 FICO score is considered to be good. The higher the score the better. 700 and above scores are considered the best.
is 718 a good mid fico score
Of course it is! It is my current score.
bad
A high fico score means you could have anywhere from a good credit rating to an excellent credit rating. If you have a high fico score, it means you pay your bills on time with no late or missing payments.
580-679 is considered an average FICO score
would a credit score of 753 be considered a good credit score?
More than likely, you will be able to qualify for an FHA with 3.5% down. They don't focus much on your score versus other items such as your income which seems pretty decent. Good luck.
I want to buy a 420,000 home I have 200,000 to put down my three scores are 480, 510, and 520. Will I be able to purchase this home and get g good rate mortgage. thanks johnny
671 is a good score thru the eyes of a mortgage lender. Anything over 620 will get you a conventional rate or the street rate you hear offered on the radio or tv. There are a number of different credit scores. Since you did not indicate what credit score you are referring to I am assuming you are referencing your FICO score. You have 3 FICO scores, 1 for each of the major credit bureaus (Equifax, Experian, and Trans Union). The score measures the likihood you will repay your debt. You can help increase your score by paying on time and reducing your debt. The score is also used by lenders for loan decisions and interest rate assignment. The FICO score ranges from 300 to 850. The minimum FICO score lenders like to see is 723. The national average is about 678.