Lowest possible credit score to open Mortgage?
Post date: January 31st, 2012
Okay well I am a Freshmen in College right now (23 years old) and my credit score isn’t very good. 532. To be accepted for a mortgage of 100-200K what would be the minimum score generally accepted to open a mortgage on a house.
Thanks
- 1 Comment - Tags: 200k, 23 years, credit score, freshmen, minimum score, mortgage
What is the lowest credit score a person can have and still get a mortgage?
Post date: November 21st, 2011
Can you even get a mortgage with a low credit rating?
Post date: September 12th, 2011
My husband and I had decent credit a year ago. Now our limits have been cut and our scores have dropped. But we want to buy a house. Houses in our area are starting to drop dramatically. We can secure a down payment of about 5%. But are lenders lending??
- 4 Comments - Tags: lenders
Do regular inquiries hurt my credit score?
Post date: September 9th, 2011
Do all regular inquiries (individual or participant) hurt my credit score? I’m looking at my report now and see that some have "permissible purpose" typed next to that specific inquiry. What exactly does lower one’s credit score (example: applying for a credit card, mortgage, loan…etc)…Thanks.
How can i get low interest rate mortgage loan?
Post date: September 3rd, 2011
My household (my self and my wife) income is around 42K per year. I am planing to buy house. will i get any low interest rate because of low income. my credit score is really good above 800.
- 8 Comments - Tags: credit score, household, interest rate
Joint Application on Mortgage – Credit scores?
Post date: August 31st, 2011
If my husband and I apply jointly, I have been told they will use the lower middle score. Does that mean they will take his middle score and my middle score and then use whichever is lowest?
Also, looking at the scenario below, what do you think the minimum lower middle credit score needed to qualify for a loan:
- First time home buyers seeking approx 0,000 loan
- Approx 0,000 annual income
- 10% Down
- Under ,000 debt (student loan)
- 6 months reserve fund
- Stable job history
Our issue is that one of us has okay credit and the other not so great. Our middle score is 603 for one and 660 for the other, but they would take the 603 give its the lower. Will this prevent us from getting a loan with our other strong points?
if my credit score is decent, but my income is low at the moment, would a cosigner help me to get a mortgage?
Post date: August 28th, 2011
Why is your FICO score directly related to your mortgage insurance?
Post date: August 25th, 2011
If you have a score that gets you 6.25% 30 year fixed rate. How can the insurance company judge your rate on your credit scores. If you have a low score, you should not get a home loan.
- 4 Comments - Tags: credit scores, fixed rate, home loan, insurance, insurance company, score
How good of a mortgage rate can someone get for having an excellent credit score? Over 800?
Post date: August 23rd, 2011
I recently got a quote for a 30 yr. fixed rate mortgage of 6.75% and was wondering if that was a good rate considering I have an excellent credit score. I simply thought it would have been lower, and did not know if it were negotiable.
Will being added to my girlfriend's CC with good history help my credit score?
Post date: August 20th, 2011
Also, will my poor credit pull down HER SCORE if she adds me? The CC in question is a low credit Master Card. What if she adds me as an authorized payor to her mortgage payment? Will that help my credit score?