01-30-2013 08:25 PM
Also remember the underwriting criteria for an FHA loan is substantially easier than it is for a conventional loan. Especially if you have a high LTV conventional loan the ratios are lower and the score requirement is higher.
01-31-2013 06:26 AM
01-31-2013 06:39 AM
01-31-2013 06:12 PM
I would say that with absolutely no debt you would be fine with something in the low $200's - assuming you also have the money for down payment, closing costs, etc. Don't put yourself in a situation where you're assuming salary increases and end up being house broke.
01-31-2013 06:55 PM
01-31-2013 06:58 PM
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). 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.