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fico scores

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Icon Mini Profile darrien_miller





Joined: 24 Jan 2010

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Post Posted: Sun Jan 24, 2010 5:56 am    Post subject: fico scores
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my fico scores are 633, 635, 575 can i receive a home loan for these scores
Icon Mini Profile smithsussane
smith.sussane




Joined: 18 Sep 2008

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Location: Alaska
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Post Posted: Sun Jan 24, 2010 11:54 pm    Post subject:
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Hi darrien!

Welcome to forums!

You will be able to qualify for a FHA loan. However, in order to qualify for the loan, you should not have too much of negative items on your credit report. If you want to qualify for a conventional loan, you would require a credit score of 700-720.

Feel free to ask if you've further queries.

Sussane
Icon Mini Profile gmakerley
gmakerley
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Location: bloomfield, ct
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Post Posted: Mon Jan 25, 2010 11:51 am    Post subject:
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keep in mind that there's a lot more to it than simply having an adequate score. you also need stable employment, sufficient income and minimal other debt, sufficient assets, etc. in order to qualify for the mortgage you seek.
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