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There is not an average expected credit score to receive a mortgage loan. You may have a low credit score, and an high income and still be able to qualify. Loans are not just based on credit score.

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โˆ™ 2014-09-17 21:54:26
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Q: What is the average expected credit score to receive a mortgage loan?
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Related questions

Where would one view their credit mortgage?

The credit mortgage is what the tax payer receives from the government so that they can get a tax credit from the recent tax season. They will receive a part of the mortgage interest.

What is the average current mortgage rate?

The average mortgage rate is different for each state. Mortgage rates also vary based on the length of the mortgage and the person's credit score that is applying for the mortgage. To estimate the average mortgage rate for your state you could visit

How can one receive a 2nd mortgage if they have bad credit?

Specialist mortgage brokers may offer a second mortgage to somebody with bad credit. Since the credit crunch this will be much harder to find however and any such deal is likely to carry a weighty interest rate.

What is the average house mortgage rate?

There are many factors that can play into your house mortgage rate such as age and credit history as well as the size of your loan. On average, a mortgage will run you about 3% to 4.5%

What are the national averages for mortgage rates for people with bad credit?

The national average for mortgage rates for those with bad credit is currently about 3%. Round Point Mortgage company currently has one of the lowest rates.

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.

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.

What is the average mortgage for new homes in Dallas TX?

The cost for the average mortgage on a new home in the city of Dallas, TX can vary depending on a person's credit history. The average mortgage at a 4.8% APR is between $1000 and $1200.

What is an average interest rate for a pnc mortgage?

The average pnc mortgage interest rate is around 4.64 to 4.85%. Your credit cards can have a bearing on the interest rate if the qualify for the program.

What is the perfect credit score in order to get a home loan?

A "credit score" is one of the major factors that a mortgage lender will review as to whether or not the individual will receive the opportunity to acquire a mortgage/home loan. The minimum/acceptable credit score is 650. 650 will allow the opportunity to a chance of acquiring a mortgage/home loan.

How can one get a second mortgage with bad credit?

It's possible to receive a 2nd mortgage with bad credit you just have to make sure your application is as strong as is possible at the time of application. Beware that your second mortgage will almost always have a higher interest rate than your first.

What is the average mortgage rate in Texas?

"The average mortgage rate ranges from 3.2 to 4.1% in Texas, depending on the mortgage company you choose and your current credit score. Also, it may vary with the type and area of property you are looking at."

How much is mortgage average payment per month?

Your average mortgage rate and payment depend on many factors including where you are looking to purchase your house, personal income, and your credit score. Many mortgage companies offer online mortgage calculators that can be useful in determining what your monthly home loan payment will be.

What effect does a credit score have on a mortgage?

The credit score can effect mortgage rates in a lot of differnt ways. If someone has a high credit score he get a lower mortgage rate and if someone has a low credit score he gets a higher mortgage rate.

Do married couples receive lower mortgage payments than an unmarried couple who is co-borrowing?

it's based on your credit place

Where can a person go to get information on mortgage lenders for bad credit?

There are a few websites where one can go to get information on mortgage lenders for bad credit. Realtor have an article on how to get a mortgage with bad credit. The Bad Credit Whiz website has a list of the top 10 bad credit mortgage companies.

What are the current mortgage rates for a credit score of 750?

Although mortgage rates can vary form lender to lender, a credit score of 750 should ensure that you will receive the lowest possible rate. Currently, banks are offering a 30 year loan at rates as low as 2.9%.

What are the lowest refinance mortgage rates for 2013?

On average, the lowest mortgage rates for refinanced mortgages is 3.32%. However, this rate can change due to the customer's credit score.

How can I get a mortgage with bad credit?

It is very difficult to get a mortgage with bad credit. You will probably first have to raise your credit score.

Where can one get a home mortgage if one has bad credit?

One can get a home mortgage if one has bad credit from several different places. Some of the places that one can get a home mortgage with bad credit are: banks, and mortgage companies.

Can you take out a mortgage on a home that you own that currently has no mortgage on it or does it have to be a home equity line of credit?

Yes. The choice is yours whether you apply for a mortgage or an equity credit line and whether you get approved depends on your credit record and the value of the property. Please try first at a local bank where you will receive much better treatment after you have signed the note than you will get with a huge, national lender. Make certain you understand what you're signing and what your payments will be.

What is the normally range for a bank mortgage interest rate?

The average bank mortgage interest rate is around 3.05 percent. Keep in mind that this may vary based on other factors such as your credit score and the amount of the mortgage.

What is the worst thing about bad credit mortgage?

The worst thing about a bad credit mortgage is the price you have to pay. You get a worse rate and have to pay more for longer than if you have a good credit mortgage.

What is the difference between a mortgage score and a credit score?

Mortgage scores are different from credit scores. Credit scores are assessments of a borrower

Where might one receive advice regarding a home equity line of credit?

Home equity is the difference between the value of your home and your mortgage. A home equity line of credit (HELOC) is an revolving credit, an account with a maximum amount, which you can draw upon when and if you need it, the height of the amount is based on the equity of your home. Advice about a HELOC can found in the same way as information about a mortgage, at mortgage brokers, banks and private lenders and insurance companies.