How To Improve Credit Score And Qualify For A Mortgage
The FHA mortgage rates are lower than they have ever been, currently at
approximately 3.
75% for 30 year fixed terms.
Because it is a buyers market at the
present moment it is causing many consumers to...
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How To Improve Credit Score And Qualify For A Mortgage
The FHA mortgage rates are lower than they have ever been, currently at
approximately 3.
75% for 30 year fixed terms.
Because it is a buyers market at the
present moment it is causing many consumers to wonder how to improve credit
score and qualify for a mortgage.
The majority of people just coming under the
qualifying score need just a little bit of help to get over that mark and approved for
the mortgage.
The general rule of thumb these days is a minimum of a 620 middle score is needed
in order to be approved for the mortgage.
If there are recent delinquencies on the
credit report then the underwriter will bump that up to a 640 middle score
requirement.
Of course these vary form lender to lender and program to program,
but as a general rule they are fairly accurate.
Because credit scores can vary
drastically between the credit bureaus it is important that you take a look at your
credit before you think about purchasing a ho
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