What’s an acceptable credit score now for a mortgage loan?

Tips and Deals Forums Home Mortgage What’s an acceptable credit score now for a mortgage loan?

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    • #418735

      NY Fair Plan.

      Or, rather than calling insurance companies directly, contact a few local INDEPENDENT agents that represent a variety of carriers. http://www.iiaa.org will give you a list of agents by zip code.

      And yes, you WILL have a hard time, with a coastal property.

    • #200736

      I know debt to income is a huge part of it, but used to be you could qualify for a mortgage loan with a 620. What kind of credit score are they looking for now?
      Uh, Mercy, thanks, but I’m not contacting anyone for a loan who has a yahoo email account as their business account.
      Hi, Scott….um…ARE YOU SERIOUS?

    • #259220
      Kandis Hay

      People are having trouble obtaining funding with 700, but 680 seems to be the present cut off rate.

    • #263035

      620 seems to be the minimum for most lenders, but some are going to 640 now. FHA still allows scores as low as 580 with 3.5% down, but finding a lender to underwrite at that score is very difficult, if not impossible.

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