For a conventional mortgage, what should your credit score be? How low can it go for an aproval on a conventional mortgage?
What is the required credit score to get an approval for a mortgage?
it depends on the lender. My parents just bought a home trhough countrywide and when they were doing the contract the man stated that the will not let you do a contract if your score is not at least 600. The higher the score he better the interets rate but there are people who will lend you at under 600. Also FHA go more on your last 12 months of pay histiry that your credit score. All depends on the lender
What is the required credit score to get an approval for a mortgage?
i would think you could get one with a bad rate with a 620 but you need at least a 700 to get a good rate
What is the required credit score to get an approval for a mortgage?
I know that there may be mortgages that take lower than 620 scores- but you pay more for them. You can get a pre-approval letter where your credit is checked and then you will know how much of a mortgage you qualify for. I can refer you to someone.
What is the required credit score to get an approval for a mortgage?
500 - 800
the higher your credit score the better the interest rate that you will be able to get.
For more information on credit scores go to http://www.how-is-your-credit.info/
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