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Fico Scores (Buying a house)
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GaknTak
He has my heart
Member since 12/07 1379 total posts
Name:
Tracy
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Fico Scores (Buying a house)
What kind of a FICO score do you need to get a mortgage? I am a SAHM and we already have a house but we are selling and taking out more of a mortgage in only my husbands name. From experiences, what kind of FICO scores are they looking for?
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Posted 6/7/09 10:57 AM  |
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Prudential Douglas Elliman Real Estate
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jteach
2 and through
Member since 9/07 3939 total posts
Name:
Jess
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Re: Fico Scores (Buying a house)
I believe, in order to get the absolute best rate you need a 740 or higher.
I think every 20 points puts you in a different bracket.
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| Posted 6/7/09 11:30 AM |
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queensgal
Smile
Member since 4/09 3287 total posts
Name:
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Re: Fico Scores (Buying a house)
I could be wrong but other factors will play a big part: income to debt ration, total income, type of debt, % downpayment, etc.
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| Posted 6/7/09 1:06 PM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: Fico Scores (Buying a house)
Posted by queensgal
I could be wrong but other factors will play a big part: income to debt ration, total income, type of debt, % downpayment, etc.
yes. Also banks rate your overall credit worthiness differently. Even if you don't have a stellar FICO score you could get a loan albeit not with the lowest rate out there.
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| Posted 6/7/09 1:51 PM |
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