to refinace with your companies, is it based on credit score?

kbutterfly16 · Joined: 01 Jul 2008 Posts: 1 1.50 Dollars($)

Is this Mortgage based on credit score?

smckaybiz · Posted: Tue Jul 01, 2008 6:59 pm Post subject:

Hello kbutterfly16,

Most lenders do base the interest rate they are going to charge you on how high your credit score is. I don't understand exactly what you mean by "this Mortgage"...

brian1 · Posted: Tue Jul 01, 2008 11:21 pm Post subject:

FHA is the only loan product that does not give rates based on credit scores

Please be a little more in depth to get a better answer as your question is a little vague.

Brian

chrisburns · Posted: Mon Jul 07, 2008 6:34 am Post subject:

Hard Money or private investors have no credit requiremant normally but hteir rates and fee's are huge..

FHA technically has no minimum credit score requirement but they do have minimum credit guidelines. If you can't meet their traditional guideline requrirements alternative credit can be used to help such as rental history, phone, electric, water bills, etc..

Other than that your credit plays the single most important factor in getting a loan.

All times are GMT - 7 Hours

Page 1 of 1