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Credit Score Requirements

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Post Posted: Tue Feb 15, 2011 8:42 am    Post subject: Credit Score Requirements
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What range of credit score must my husband and myself have to qualify for a mortgage loan.
Icon Mini Profile jameshogg
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Post Posted: Wed Feb 16, 2011 12:16 am    Post subject:
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Hi Guest,

In order to get a conventional loan, you and your husband should have a credit score of 700-720. On the other hand, in case of FHA loans, you and your husband should have a score of 580 - 620.

Thanks
Icon Mini Profile tomburris
tomburris
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Post Posted: Wed Feb 16, 2011 2:52 pm    Post subject:
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Varies a tad by lender.... but:

640 for fha/va
680 for conventional unless you have 20% down, then you can get a oan at 620 but it costs a lot of points.

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