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Generally, FHA credit score requirement is 620-640, and 660 for a conventional loan, so yes. The rest depends on your income, debt to income ratio, and down payment.
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∙ 11y ago
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What credit score do you need to get a mortgage?
Currently, it is tough to get a mortgage even with very good credit. 730 is about average so a score close to 800 has a good chance of getting approved.
Can you obtain a home equity loan on a family home that does not have a mortgage?
Yes, as long as you have a good enough credit rating to qualify for the mortgage.Yes, as long as you have a good enough credit rating to qualify for the mortgage.Yes, as long as you have a good enough credit rating to qualify for the mortgage.Yes, as long as you have a good enough credit rating to qualify for the mortgage.
What are the current mortgage rates for various credit scores?
This is dependent on other contextual factors such as employment and geographic location, but with an average credit score a mortgage rate can be about 6%. A good credit score will have lower.
How can one qualify for the cheapest mortgage rates?
Having a good credit score is important for getting cheap mortgage rates. One can request their own credit score and show it to potential lenders; this is superior to having lenders request one's credit score, which can affect the score.
How good is a 598 credit score?
Not good enough!! LOL!!
What credit score do you need to get a mortgage?
Currently, it is tough to get a mortgage even with very good credit. 730 is about average so a score close to 800 has a good chance of getting approved.
Can you obtain a home equity loan on a family home that does not have a mortgage?
Yes, as long as you have a good enough credit rating to qualify for the mortgage.Yes, as long as you have a good enough credit rating to qualify for the mortgage.Yes, as long as you have a good enough credit rating to qualify for the mortgage.Yes, as long as you have a good enough credit rating to qualify for the mortgage.
What are the current mortgage rates for various credit scores?
This is dependent on other contextual factors such as employment and geographic location, but with an average credit score a mortgage rate can be about 6%. A good credit score will have lower.
How can one qualify for the cheapest mortgage rates?
Having a good credit score is important for getting cheap mortgage rates. One can request their own credit score and show it to potential lenders; this is superior to having lenders request one's credit score, which can affect the score.
How good is a 598 credit score?
Not good enough!! LOL!!
How do you qualify for a Discover Credit Card?
You must have a good enough credit score. That is really the only necessary requirement. You can apply online to see if your credit score is good enough to get a Discover card.
What is considered a good interest rate on a mortgage?
A good interest rate on a mortgage in 2014 is 4.2 percent. This varies greatly depending on the type of mortgage and the credit score of the applicant.
Can you get a mortgage with a credit score of 491?
It is highly unlikely that anyone would loan you money to buy a house with that score in this market. A score below 500 means you have some serious derogatory items on your credit report and/or you haven't established enough credit history. Lenders want borrowers with a long history of good credit". Take steps to improve your credit.
What age must you be to have a mortgage?
Generally, you are old enough to have a mortgage when you have an income, have a year or two of history in paying rent to someone other than your parents, and have a good credit score (you need 2-3 trades paid on time).
How does one get a mortgage with CCJS?
In order to get a mortgage with CCJS they would need to meet specific qualifications. They would need to have a good employment history and a good credit score.
Can you get a 58000 mortgage with a credit score of 667?
Sure, it just won't be at a very good interest rate.
What is the likelihood of being approved for a 237000 mortgage with a credit score of 735 and a yearly income of 61000?
I believe the likelihood is very good - your credit score is very good and your income in good - it also depends on how much debt you have - like credit cards etc....
