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What is the likelihood of being approved for a 237000 mortgage with a credit score of 735 and a yearly income of 61000?
Dconway6
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....
Wiki User
∙ 18y ago
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Can you get approved with a credit score of 502 with a mortgage?
no.
Do lenders pull a final credit report after a mortgage is approved and clear to close?
no
How hard is it to get approved for a 15 year mortgage?
In order to get a 15 year mortgage you need to have good credit. You must also be able to pay the larger monthly payments without any difficulty. Getting a approved for a 15 year mortgage is not difficult as long as you have good credit and can afford the payments.
Can you get a home loan with a judgment on your credit report?
It is up to each mortgage company to determine a person's credit worthiness and likelihood to pay a mortgage loan. Mortgage companies may not approve loans if there are derogatory credit items on a person's report, but this decision is often based on many factors. A judgment will appear on your credit reportfor seven years from the filing date.
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 get approved with a credit score of 502 with a mortgage?
no.
Do lenders pull a final credit report after a mortgage is approved and clear to close?
no
How hard is it to get approved for a 15 year mortgage?
In order to get a 15 year mortgage you need to have good credit. You must also be able to pay the larger monthly payments without any difficulty. Getting a approved for a 15 year mortgage is not difficult as long as you have good credit and can afford the payments.
How does one get approved for a zero down mortgage?
One gets approved for a zero down mortgage in a number of steps. You must prove you can afford the mortgage payments, you must have a good credit history, and you must be able to prove your income.
Can you get a home loan with a judgment on your credit report?
It is up to each mortgage company to determine a person's credit worthiness and likelihood to pay a mortgage loan. Mortgage companies may not approve loans if there are derogatory credit items on a person's report, but this decision is often based on many factors. A judgment will appear on your credit reportfor seven years from the filing date.
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.
How does credit help a person?
"Credit Plus offers many products and services to help determine an individual's credit score and likelihood of obtaining a consumer mortgage. They primarily work with mortgage industry professionals, but their tools could help an individual as well."
Do you need credit to take over a persons mortgage?
Yes. You would need to be approved by the bank and it would check your credit record.
How does credit plus help a person?
"Credit Plus offers many products and services to help determine an individual's credit score and likelihood of obtaining a consumer mortgage. They primarily work with mortgage industry professionals, but their tools could help an individual as well."
How can one get a mortgage with bad credit history?
Although having a good credit history is better when applying for a mortgage it is possible to still get a mortgage with a bad credit history. When getting a mortgage with a bad credit history, one will have to pay a higher interest rate. Show the mortgage lender that you have a good job that will cover your mortgage. If you eliminate all other debt it looks better to the lender and gives one a better chance at getting approved.
How can one get approved for a 2nd mortgage loan?
If one were interested in getting approved for a second mortgage loan they would need to have assets, a good credit rating and a consistent income. Some banks may require more.
Where can someone with bad credit apply for a home loan mortgage?
Having bad credit does not stop a person from applying wherever they wish to for a home loan mortgage. It does, however, make it significantly less likely that they will be approved.
