Thank you gentlemen. I asked this question as generic as possible in order to make it easy for the viewing audience to understand. I am in the land title business with a former mortgage background but have been out of the loop with today's mortgage rates and LTV ratios. Many of our realtor clients ask this question and I was looking for an easy way to explain it. Based upon the three answers, it looks like above 740 gets you the best rates and below 620 is the line for being outside the lending box, and taking into consideration all of the other key factors described by Mr. Zeller. Is this a correct assumption?
At what credit score level does it make it very hard to fit into a conforming Fannie or Freddie type loan?