Reply
Frequent Contributor
Posts: 297
Registered: ‎02-12-2012
0

Just found out I need 700 mid score

[ Edited ]

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


Take the FICO Fitness Challenge
New Contributor
Posts: 57
Registered: ‎02-01-2012
0

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!
Frequent Contributor
Posts: 297
Registered: ‎02-12-2012
0

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
Senior Contributor
Posts: 3,491
Registered: ‎07-25-2008
0

Re: Just found out I need 700 mid score

[ Edited ]

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


Take the FICO Fitness Challenge
Frequent Contributor
Posts: 297
Registered: ‎02-12-2012
0

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
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.