Posted on: 30th Aug, 2009 12:46 pm
what source do you pull credit from and what score do i need to get the best rate?
There are three credit reportign agencies you can get yoru credit score from
Equifax
TransUnion
Experian
All provide credit report and credit score
lenders check all the reports
To get th best rate you need score above 740 in this market alogn with low Debt to Income ratio, good source of income and atleast 2years of employment history
Equifax
TransUnion
Experian
All provide credit report and credit score
lenders check all the reports
To get th best rate you need score above 740 in this market alogn with low Debt to Income ratio, good source of income and atleast 2years of employment history
720+ Credit Score will put you in position to obtain the best Interest Rate possible via FHA. As stated above, going conventional we would be looking for a 740+ credit score to obtain the best Interest Rate. I hope this helps...
740 is good enough credit score
to qualify for the best interest rates on a home mortgage loan, youll probably need a credit score of 760 or higher.
750+ they will get an average score from the 3 different reports to give you a middle score in which they will use.