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Answers (6)
- Brenda Carlson, "bank4"
- Contributions:1
Demetrya,
Depending on what typy of mortgage you qualify for 620 is the lowest score allowed under Government loans. ie FHA or VA. The conventional loans require a higher score. If you are ready to purchase you should find a lender you are comfortable with and get pre-approved. Rates are amazing currently the FHA loans are running around 5% and only require a down payment of 3.5%.
I would be happy to assist you with any information. My office number is 402-827-3110
Good Luck
Depending on what typy of mortgage you qualify for 620 is the lowest score allowed under Government loans. ie FHA or VA. The conventional loans require a higher score. If you are ready to purchase you should find a lender you are comfortable with and get pre-approved. Rates are amazing currently the FHA loans are running around 5% and only require a down payment of 3.5%.
I would be happy to assist you with any information. My office number is 402-827-3110
Good Luck
- Pat Bourgo, "Pat Bourgo"
- Contributions:1051
I think they bumped FHA to 620.
- Brian Esquivel, "FHAmortgagelenderAZ"
- Contributions:8
Hi Demetrya,
Matthew is on the money. If you are looking to buy in Omaha I have a great agent that lives there that I could refer you to. I am from Lincoln but have lived in AZ since 1997.
Best of luck and let me know if you or anyone you know needs help with a home loan in AZ.
Thanks.
Brian
Matthew is on the money. If you are looking to buy in Omaha I have a great agent that lives there that I could refer you to. I am from Lincoln but have lived in AZ since 1997.
Best of luck and let me know if you or anyone you know needs help with a home loan in AZ.
Thanks.
Brian
- Matthew O'Shea, "matthewoshea"
- Contributions:11
To answer your question correctly, you will need to know what type of financing you are getting (ex: Conventional, FHA/VA, etc...). After you know this, you will be able to better understand where you score needs to be. Typically, FHA has the lowest standard right know at 620-640. You will need a higher FICO if you are considering conventional financing.
Feel free to contact me if you have any other questions. I can also refer you to a few great mortgage professionals who have ample amounts of free information for you.
Good Luck!
Feel free to contact me if you have any other questions. I can also refer you to a few great mortgage professionals who have ample amounts of free information for you.
Good Luck!
- Michael Emery, "MikeEmery"
- Contributions:7281
FICO, not FICA.
- Michele Whitley, "MicheleWhitley"
- Contributions:27
You should have a 580 or above for an FHA loan.
what should your fica score be if I'm a first time buyer
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