cancel
Showing results for 
Search instead for 
Did you mean: 

Loans for new construction

tag
DallasLoanGuy
Super Contributor

Re: Loans for new construction


@Sbrooks1 wrote:
Didn't you post earlier that you had a less than 600 score. I would think you need to repair that first before applying for a new construction loan

construction loans indeed need top scores. because you are financing the construction until it is time to convert to permanent financing. 

 

but a purchase loan (whether you buy new construction or existing home) can be done with a 600

 

Retired Lender
Message 11 of 12
HigherFico
Regular Contributor

Re: Loans for new construction

This would be in a year

Starting Score: 520
Current Score: 627
Goal Score: 700


Take the FICO Fitness Challenge

Message 12 of 12
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.