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642 is good enough to get approved for a mortgage loan. Currently the cut off is at about 620 but there are plans to raise the minimum to 640 as credit is getting tightened. The $8000 tax credit for first time home buyers has been extended as well as a new $6500 home owner credit if you have owned your current home for over 5 years. If you are located in Texas, we would be happy to help you with any further questions you may have.

Mortgage America of Texas

http://www.mtgamericatx.com

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15y ago

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