Zillow Advice: Home Buying - Should credit score be higher http://www.zillow.com/advice-thread/Should-credit-score-be-higher/468211/ Zillow Advice | Zillow Real Estate When you are ready to find ... http://www.zillow.com/advice-thread/Should-credit-score-be-higher/468211/ When you are ready to find your perfect home, give me a call or shoot me an email to discuss your needs/wants.<br/><br/>[contact information removed by moderator]<br/><br/>Happy Holidays! Sun, 09 Dec 2012 03:55:00 GMT http://www.zillow.com/advice-thread/Should-credit-score-be-higher/468211/ 2012-12-09T03:55:00Z 640 scores should be ok with ... http://www.zillow.com/advice-thread/Should-credit-score-be-higher/468211/ 640 scores should be ok with most FHA lenders. Below that level, it gets very difficult. I know a great agent in Clinton that is licensed in MD, VA, and DC and she is a joy to work with. Let me know if you would like her contact info.<br/>Best wishes, Jim Tue, 27 Nov 2012 15:22:00 GMT http://www.zillow.com/advice-thread/Should-credit-score-be-higher/468211/ 2012-11-27T15:22:00Z It depends on what type of ... http://www.zillow.com/advice-thread/Should-credit-score-be-higher/468211/ <p>It depends on what type of loan you are getting. If you are looking FHA credit scores are not as much of an issue. If you are looking at conventional they ding you on your interest rate and PMI under 660, under 680 under 700... under each of these marks they hit you harder. As for how much you can get approved for, I would shop around with various lenders.Lender vary on what debt to income ratio they will lend at... some will not go below 37% while others will lender 50%!</p> Mon, 12 Nov 2012 17:04:00 GMT http://www.zillow.com/advice-thread/Should-credit-score-be-higher/468211/ 2012-11-12T17:04:00Z With an income of $43,000 ... http://www.zillow.com/advice-thread/Should-credit-score-be-higher/468211/ With an income of $43,000 and no debts, you may be able to qualify for a $160,000 mortgage but it will be a stretch.&nbsp;&nbsp;&nbsp; A good rule of thumb is 3 to 4x your income, so that you have enough left over to be able to eat and go on an occasional vacation.<br/><br/>Have you put your numbers into the <a href="http://www.zillow.com/mortgage-calculator/house-affordability/">affordability calculator</a>? Mon, 12 Nov 2012 16:23:00 GMT http://www.zillow.com/advice-thread/Should-credit-score-be-higher/468211/ 2012-11-12T16:23:00Z Thank you I had a lender ... http://www.zillow.com/advice-thread/Should-credit-score-be-higher/468211/ Thank you I had a lender pull credit 2 weeks ago .The credit repair classes I took gave insight into running my own credit so I know what not to do,Yes I have saved the down payment.<br/><br/>If there's a realtor in Fort Washington area who can help me find the property I seek please leave email number.After holidays I want to start house hunting. Mon, 12 Nov 2012 16:12:00 GMT http://www.zillow.com/advice-thread/Should-credit-score-be-higher/468211/ 2012-11-12T16:12:00Z Many lenders in my area can ... http://www.zillow.com/advice-thread/Should-credit-score-be-higher/468211/ Many lenders in my area can work with a 640 credit score, if it really is that.&nbsp;Unfortunately, if you pulled it yourself, it may not be as high when a lender pulls it. Mortgage professionals pull a slightly different type of score that tends to be lower than the ones consumers have access to. Sometimes the only way to find out is to have it pulled. You may also wish to look for a lender who can use a 620 credit score, which they can tell you over the phone, without pulling your scores.&nbsp;&nbsp;<br/><br/>Have you saved a down payment? Mon, 12 Nov 2012 15:03:00 GMT http://www.zillow.com/advice-thread/Should-credit-score-be-higher/468211/ 2012-11-12T15:03:00Z