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Lender said USDA is 660?

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jzsnow
Frequent Contributor

Lender said USDA is 660?

Is that right?? Lender said she hasn't seen a credit score less than 660 close in year am even though they say 640 will work?

This is depressing!
Message 1 of 4
3 REPLIES 3
Jaguars28fan
Contributor

Re: Lender said USDA is 660?

The two LO I dealt with when applying required only 640.  I ended up having a 660 though, currently waiting for USDA to approve...

Message 2 of 4
basballguy
Frequent Contributor

Re: Lender said USDA is 660?

That might just be their internal policy.  USDA goes as low as 620 i believe but most places prefer 640.  Requiring 660 seems out of the norm, but not surprising.


Message 3 of 4
tooleman694
Valued Contributor

Re: Lender said USDA is 660?

Having a 660 makes it easier to get thru UW, way less hoops.

Message 4 of 4
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