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I have a score of 680 currently and should have it up to 730 in a few months, is my score too low to

  • December 10 2012 - West Palm Beach
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Answers (10)

If you are getting FHA financing then your interest rate would most likely be unchanged.  If you are getting conventional financing then your interest rate would more than likely be affected.

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  • January 17 2013
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We can do FHA loans below 600
  • December 28 2012
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You definitely want to speak with your lender on that.

Now if you looking to..."buy" then a 640 is about the lowest you can go.

If you are looking to... "refinance" then there may be other programs out there for you. 

Regardless of your credit score you want to speak with your lender before undertaking either of these (or possibly other scenarios).  Plus local market conditions, prices and all of those factors will also have to be considered.
  • December 27 2012
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680 is not bad for a middle score. contact a lender and get prequalified in order for you to know what kind of loan program is best for you. 
  • December 27 2012
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That score is ok.  Many other factors us lenders look at though.
  • December 24 2012
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You said
"...is my score too low to.."

Can you finish the question please? What are you trying to do?

Best Regards,
Robert Adams
  • December 11 2012
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Contact a local Exclusive Buyer's Agent and they can put you in contact with a good lender.  [Promotion removed by Zillow moderator. Please see our Good Neighbor Policy for guidelines.]

Ron Jensrud - Exclusive Buyer's Agent
  • December 11 2012
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Your lender will use the middle of your three scores. If your middle score is 640 you should be able to qualify for an FHA loan. Your debt ratio will also be important. Once you meet with a local lender, they can determine what type of loan is best for you.  
  • December 10 2012
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Profile picture for Ofe Polack
Financial issues are best discussed in private with a mortgage broker.  Call at least two and see what you need to do to obtain the best possible terms
  • December 10 2012
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Profile picture for Outer Banks N C
Without speaking to a lender you can never be sure, so visit a lender and let them tell you what they can do. It's free so visit more than one to find out for sure.
  • December 10 2012
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