What is the minimum credit score needed to qualify for a 1st home loan? - credit score needed for home loan
A friend has a very low score, but the possibility of your new home for a very very good buy. Where can I apply?
Sunday, January 10, 2010
Credit Score Needed For Home Loan What Is The Minimum Credit Score Needed To Qualify For A 1st Home Loan?
4 comments:
Depends. Most lenders have really tightened up the criteria for obtaining a mortgage. Only the news or the stock market lately and see what trouble was, the market for subprime mortgages. Lowest price of the house can be more easily compensated in the long run incremental cost of borrowing (eg interest rates, he / she) pay for the credit score. It is worthwhile to deposit clean credit score and higher savings. Larger down payment to also make it more likely that you can get your approval.
Call a lender of subprime mortgages, should representatives be able to help. Minimum credit score depends on how put down a lot.
Call a lender of subprime mortgages, should representatives be able to help. Minimum credit score depends on how put down a lot.
With the industry in a way that is 20% with no closing costs actually not. The market for subprime mortgages has disappeared, and now moves) Alt-A (between high-risk loans and emergency, including the mortgage is becoming increasingly difficult.
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