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Just found out I need 700 mid score

Frequent Contributor

Just found out I need 700 mid score

Just got done talking to Mortgage company and they suggest I have for the specific loan program I qualify for, no down payment, no PMI and the lowest interest rates available. It seems like it will take forever for me to get my score to 700... sigh


Starting Score: 656
Current Score: 678 TU 08, 665 EQ MyFico, 698 EX PSECU
Goal Score: 7OO needed for Mortgage application


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Message 1 of 5
4 REPLIES
New Contributor

Re: Just found out I need 700 mid score

What type of mortgage program is that?

Current Score: EX - 775; EQ - 774; TU - 768 6/06/2012 FAKO
Starting Score: EX - 738; EQ - 740; TU - 750 01/30/2012 FAKO
Approved for USDA Guranteed Mortgage...waiting on the builders now!
Message 2 of 5
Frequent Contributor

Re: Just found out I need 700 mid score


shawal16 wrote:

What type of mortgage program is that?


Profession specific loan

Starting Score: 656
Current Score: 678 TU 08, 665 EQ MyFico, 698 EX PSECU
Goal Score: 7OO needed for Mortgage application


Take the FICO Fitness Challenge
Message 3 of 5
Senior Contributor

Re: Just found out I need 700 mid score


Student_Loans_Kill wrote:

shawal16 wrote:

What type of mortgage program is that?


Profession specific loan

Is that the only program that will be more lenient about excessive DTI?


Starting Score: 675
Current Score: EX 753 FICO, EQ 737FICO, TU 738
Goal Score: 776 FICO


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Message 4 of 5
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Frequent Contributor

Re: Just found out I need 700 mid score


drkaje wrote:

Student_Loans_Kill wrote:

shawal16 wrote:

What type of mortgage program is that?


Profession specific loan

Is that the only program that will be more lenient about excessive DTI?


Yes, BOA killed their program for nOObs coming out of training programs, Suntrust is one of the only good programs left. I'm not sure however, FHA would be a great option if they weren't limited to $271,000 in my area. So only way to kill that DTI is through non conventional

Starting Score: 656
Current Score: 678 TU 08, 665 EQ MyFico, 698 EX PSECU
Goal Score: 7OO needed for Mortgage application


Take the FICO Fitness Challenge
Message 5 of 5