How much credit score is enough to get a private mortgage loan
Date: Mon, 06/19/2017 - 22:34
Can I qualify for a mortgage loan with 580 credit score?
As per my knowledge, you can.
As per my knowledge, you can. The Federal Housing Administration or FHA requires 580 points to make the minimum down payment of 3.5%.
However, it may vary by lenders.
I agree with Patricia, you
I agree with Patricia, you can get an FHA loan having credit score of 500 to 579, with minimum down payments of 10%.
Yes you can provided you
Yes you can provided you contact the right lender. I would recommend the lenders network. They can help you.
It is better to increase your
It is better to increase your credit score, if possible, to get suitable rates along with favorable terms and conditions.
