Forgotten Your Password?

Need to Register?

Question Icon

Do lenders take high, middle, low FICO?

Also is my husband's credit going to screw us? His low score is 665. Mine is above 720. Hoping we can do conventional with these numbers but worried. by jenwaynerd78463324 from Hawthorne, New Jersey. Nov 3rd 2014 Reply


Carlos Figueira (carlosfigueira)
#108 ranked lender in New Jersey - 198 contributions

Just like others have mentioned..... the lowest of the mid score would be used. Your husbands 665 is still great and you will not have a problem securing a very low rate. Please e-mail me carlos@keypointmtg.com or call me with any questions as I am local (offices in Woodland Park, North Arlington and Summit, NJ)

Nov 3rd 2014
Call: (908) 516-2190       Send a Message    Website
0
0
Dave Metsker (DaveMetsker)
#38 ranked lender in Oregon - 2,317 contributions

Lenders use the lower middle score of the wage-earning borrowers.

Nov 3rd 2014
1
0
Timothy Ray (tray@rtnfinancial.com)
#81 ranked lender in New Jersey - 14 contributions

Lender's look at the middle score...when there is more than one borrower, the lower middle score is the one used.

Nov 3rd 2014
1
0
William J Acres (William_Acres)
#1 ranked lender in Arizona - 8,041 contributions

Lenders price loans based on the lowest mid score of all borrowers.. Effectively, your 720 score is reduced to 665 for loan pricing purposes.. and yes.. you would still be eligible for a conventional loan with a 665 low score.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Nov 3rd 2014
1
0
Subscribe to our news feed.