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how high does your credit score need to be in order to get a home loan

by jamier79 from Logan, Ohio. May 15th 2011 Reply


James Barath (JamesBarath)
#1 ranked lender in Indiana - 344 contributions

Although the minimum FICO score required by individual lenders will vary depending on the home loan program, achieving a 640 minimum FICO score for an FHA insured home loan should be the goal. If you have student loans that are presently in deferment, the mimimum desirable FICO score would be 660. If you were in USDA home loan market, you would be required to have at least a 620 minimum FICO score with other positive compensating factors.

May 15th 2011
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MIKE CONVIN (mconvin)
#6 ranked lender in Delaware - 202 contributions

hi:With our programs, minimum 620 for all of our programs. 580 to 620 is a case by case scenario for FHA..We offer flexible underwriting to all of our borrowers.contact us to discuss. Service is our philosophy.

May 15th 2011
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Scott Somerville (smartmortgage)
#26 ranked lender in Kansas - 6 contributions

We are one of the few lenders that offer FHA loans down to 600 credit scores. Your credit score is only one part of the equation. It is highly recommended to submit a full credit application so your credit, income and assets can all be evaluated.

May 15th 2011
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Eddie Sexton (esexton)
#8 ranked lender in Kentucky - 52 contributions

It's not a simple as just the credit score. If your credit has been good for the last 12 months, we can go down to a 580 score for a FHA purchase mortgage. 866-766-1918.

May 16th 2011
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