Reply
Frequent Contributor
Student_Loans_Kill
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
shawal16
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
Student_Loans_Kill
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
drkaje
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
Student_Loans_Kill
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

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}