This will depend on the type of product you choose, and the term. With FHA/VA you may get a low rate, but with conventional it will be significantly higher.
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.
It is hard to qualify for a mortgage with a Fico score of 567. Most lenders, including FHA, require individuals to have a minimum Fico score of 580 to qualify for a mortgage.
Your interest rate depends on the bank that you go to. Talk to different loan officers to determine the best interest rate for you.
Yes you can! You might want to look into a FHA loan which is not fico driven and will more than likely give you the best interest rate. I would compare the conventional mortgage rates vs. FHA to see which is the greatest benefit. It really depends on the current rate you have now. Veronica Rodrigues Voyage Home Loans
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
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, you can get a mortgage. The amount of the mortgage will depend on the overall financial picture of the property and what you can show to a lender that demonstrates the monthly payment you can afford.
It is hard to qualify for a mortgage with a Fico score of 567. Most lenders, including FHA, require individuals to have a minimum Fico score of 580 to qualify for a mortgage.
Your interest rate depends on the bank that you go to. Talk to different loan officers to determine the best interest rate for you.
Yes you can! You might want to look into a FHA loan which is not fico driven and will more than likely give you the best interest rate. I would compare the conventional mortgage rates vs. FHA to see which is the greatest benefit. It really depends on the current rate you have now. Veronica Rodrigues Voyage Home Loans
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
Your fico score is only one factor in buying a home. The lender will also consider your job history, debt to income ratios, assets and how much you are putting down on the home. Fico scores under 580 may cause you to get a VERY high interest rate, if you can find a lender that will lend on the home. A score of 680 or above will usually get you an excellent rate in todays markets.
If your credit score is low, your down payment could be increased to compensate for it. Your credit score, yearly income, past repayment history all factor in to a loan acceptance.
FHA guidelines do not require a "Minimum" FICO in order to obtain an FHA loan. Many investors that make FHA loans do, however, have a minimum FICO requirement. Contact a knowledgeable Mortgage professional in your area and he will be able to help you with additional information.
A home equity loan rate is determined by the total loan amount and the individual's FICO credit score. The total loan amount is based on the net value of the house and the remaining mortgage.
you need to be more specific, for what purpose...huose, auto loan...? Auto loan rates are based on the banks set rates. a fico score of 650 and above would be about 7.5% to 10% based on you currnet payment history.
The higher your FICO credit score, the lower your interest rate is commonly. If your score is at 721 then your interest rate may be approximately 3 percent.