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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.

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โˆ™ 2008-04-27 00:16:43
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Q: What mortgage rate will you get with a 650 FICO?
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Can you get a good mortgage rate with a FICO score of 686?

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.


Can you get a mortgage with a FICO score of 650 an income of 75400 dollars a year?

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.


Can you qualify for a mortgage with a fico score of 567?

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.


What is the insert rate on a 30 year mortgage with a fico score of 686?

Your interest rate depends on the bank that you go to. Talk to different loan officers to determine the best interest rate for you.


Can I refinance a property with a 650 credit score and a 80 LTV on the property and get a good rate?

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


Can you get a mortgage loan with a 480 Fico score?

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


What is the Minimum FICO score needed to obtain an FHA mortgage?

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.


What should a FICO score be to get approved for mortgage?

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.


Fixed Rate Mortgage vs. Interest Only Mortgage?

Fixed Rate Mortgage vs. Interest Only Mortgage A fixed rate mortgage has the same payment for the entire term of the loan. Use this calculator to compare a fixed rate mortgage to Interest Only Mortgage.


When is an adjustable rate mortgage calculator useful to you?

An adjustable rate mortgage calculator would be of interest - and use - to you if you were the owner of an adjustable rate mortgage (a mortgage with a potentially fluxuating rate) or if you were considering the purchase of a home under the contract of an adjustable rate mortgage.


Can you get a mortgage if you have about a 600 FICO score and your wife has around a 650 score?

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.


What is a common interest rate with a 721 fico score?

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.


What is meant by the terminology fixed mortgage rates?

A fixed mortgage rate is an interest rate that will not change for the term of the mortgage. This is in contrast to a variable mortgage rate which changes frequently based on the prime rate or other benchmark rate.


How does a bank set a home equity loan rate?

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.


Can you get approved for a mortgage loan with a FICO score of 517?

Yes, you can get approved with a 517 FICO for a mortgage loan; however the terms of the loan may be far worse than if you are able to work on improving your credit score first. Everyone has to start somewhere!


What are rates for people with fico rating above 650?

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.


What was the rate of mortgage interest in 1965?

The mortgage rate in 1965 was about 6%.


What are the typical home mortgage rates?

The mortgage rates you pay are defined by what type of mortgage you have. If you have a fixed rate mortgage, you'll pay the interest rate which existed when you signed the deal. A tracker rate mortgage will track to the current base rate in the economy.


How does a fixed-rate mortgage differ from an adjustable-rate mortgage?

The monthly payment on a fixed-rate mortgage never changes-APEX


Is the Massachusetts mortgage rate currently higher or lower than average?

The national mortgage rate is currently at 4.02%. The Massachusetts mortgage rate is currently lower than the national mortgage rate by 5 basis points.


When is an arm mortgage calculator used in banking?

An ARM mortgage calculator is used when you have an adjustable rate mortgage instead of a fixed rate mortgage. It is recommended that you get a fixed rate mortgage to avoid sudden spikes in your monthly payment.


Is there a free mortgage rate calculator?

There are several free mortgage calculators out there to help you calculate your mortgage rate, such as; pncmortgage.com, calculators4mortgages.com, and freemortgagecalculator.net all great tools to help you calculate your mortgage rate.


What are some reasons to refinance a home mortgage?

Some reasons for refinancing a mortgage is lowering mortgage rate, change in family composition, purchasing other properties for investment and switching the mortgage type from Adjustable-Rate Mortgage (ARM) to a fixed-rate mortgage.


How does a fixed rate mortgage differ from an adjustable rate mortgage?

The interest rate on a fixed rate mortgage does not change over the life of the loan. An adjustable rate mortgage interest rate may change up or down depending on what the interest rates are, at the contracted time the loan is reviewed.


Which credit score is used by lenders most frequently?

Mortgage companies use your FICO score, Credit card companies use you Advantage Score which is a different scoring formula from FICO