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From what I understand, you need at least 620 to obtain mortgage insurance and brokers generally won't close without the insurance if you're trying to purchase a home. The confusing part is FHA approvals are for those with a score of 580+ so why isn't mortgage insurance offered at that point?
What else can I help you with?
How is a 653 credit score?
A credit score of 653 is considered 'fair' good credit starts at 700. 653 means you are still a loan risk. The national average is 680 as of 10-29-08. A credit score of 653 is considered 'fair' good credit starts at 700. 653 means you are still a loan risk. The national average is 680 as of 10-29-08.
Can you get a home equity line of credit with a credit score of 653?
Yes. A home equity line of credit is based more upon the equity on your home, not so much upon your credit score. Plus, 653 ain't so bad.
What is the optimal credit score for a house?
fine. So it is really difficult to simply quote a baseline score, as it will not be applicable from lender to lender or borrower to borrower. However, with credit scores of 653, 676 and 697, you have a good chanc what credit score you need to buy a home. http://www.squidoo.com/whatcreditscoredoyouneedtobuyahouse
How good is an 869 Credit Score?
How good is an 869 credit score?
Is the credit score of 583 a good score?
583-619 is bad credit score in credit score range
How is a 653 credit score?
A credit score of 653 is considered 'fair' good credit starts at 700. 653 means you are still a loan risk. The national average is 680 as of 10-29-08. A credit score of 653 is considered 'fair' good credit starts at 700. 653 means you are still a loan risk. The national average is 680 as of 10-29-08.
Can you get a home equity line of credit with a credit score of 653?
Yes. A home equity line of credit is based more upon the equity on your home, not so much upon your credit score. Plus, 653 ain't so bad.
Can you purchase a new Ford truck with a 653 credit score?
depends on if you have a decent credit history. a 653 score willl result in a really high interest rate on a new car, placing the payments out of reach based on your income, resulting in you being denied. if leasing you will be denied instantly with a 653 score.
What is the optimal credit score for a house?
fine. So it is really difficult to simply quote a baseline score, as it will not be applicable from lender to lender or borrower to borrower. However, with credit scores of 653, 676 and 697, you have a good chanc what credit score you need to buy a home. http://www.squidoo.com/whatcreditscoredoyouneedtobuyahouse
How good is an 869 Credit Score?
How good is an 869 credit score?
Is the credit score of 583 a good score?
583-619 is bad credit score in credit score range
What is a good range for a credit score?
Good credit score ranges between 680- 750 and above this range credit score is considered excellent. Check your credit score regularly to get an idea about your credit score regularly.
Is 776 good credit score?
yes 776 is a pretty good credit score.
Is 696 a good credit score?
Yes, a 696 is a very good credit score. The higher the score a person has the better chance to get credit.
Is credit score 606 good?
A credit score of 606 is considered a good credit score. 680 and above is considered an excellent credit score. A good credit store is important if you need to acquire financing for a car, home, or business.
What does a 667 credit score mean?
I dont know what exactly 667 is but a credit score is rated on how good your credit/debit card use is, EG: your credit score is Good
How do you get credit score?
Getting good credit score depends on how creditworthiness of that person.
