Posted on: 11th Aug, 2008 06:05 am
Is this considered good credit?
Hi Robin.
Welcome to the forum.
To get approved for a mortgage you should have at least 680 credit score or more. BTW you can get FHA loan as these are not score driven loan programs.
Best of luck,
Larry
Welcome to the forum.
To get approved for a mortgage you should have at least 680 credit score or more. BTW you can get FHA loan as these are not score driven loan programs.
Best of luck,
Larry
Hi Robin,
Considering your scores, I guess your credit can be said as "fair", not good in particular. However, once the middle score is around 680, it can be termed as good credit. The middle score is what matters a lot especially when you need to qualify for loans and credit.
Take Care
Considering your scores, I guess your credit can be said as "fair", not good in particular. However, once the middle score is around 680, it can be termed as good credit. The middle score is what matters a lot especially when you need to qualify for loans and credit.
Take Care
you can readily find financing with scores such as you have. as larry noted, fha is a good product in that score range, as you'll not be penalized like with conventional loans.
even at 680, on a conventional loan, you'll be penalized a bit. depending on your other circumstances, you may just want to entertain a purchase. scores such as yours will definitely not prevent you from making a purchase of a home. other factors, of course, weigh in the decision as well.
even at 680, on a conventional loan, you'll be penalized a bit. depending on your other circumstances, you may just want to entertain a purchase. scores such as yours will definitely not prevent you from making a purchase of a home. other factors, of course, weigh in the decision as well.
