Mortgage home loan answers
Learn about mortgage home loans and rates.
-
Got a home loan lately? What was your Credit Score?
Posted on November 19th, 2010 5 comments
AnswerJunkie asked:
I am thinking about applying for a mortgage- anyone bought a house since the economic melt-down? What was your credit score?
Lydia5 responses to “Got a home loan lately? What was your Credit Score?”
-
Just got a 15 yr. mortgage at 4.65%. My average credit score was 812.
-
We are in the process. For FHA, most lenders are requiring at least a 620. There are a small handful that will still look at a 580. If you are in a target area for USDA, they will look more at your credit history than your actual credit score. In other words, if you have a 540 because you are lacking credit, they still may approve a loan. Conventional loans are going to need at least a 680 for approval.
-
Fort Sill Army Wife November 24th, 2010 at 18:34
We just got our loan using the VA at 5% interest rate fixed and our score was 705
To the first person, the highest FICO score you can have is 850…
-
to the person who has an 812 credit score.
WHo has that??? like 1% of all people
-
ajsnskool November 27th, 2010 at 06:11
Actually, mine was an 805 when I got my mortgage in January. I’m not kidding. That’s 10 years after a bankruptcy.
-
DeLacy November 20th, 2010 at 09:46