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Now need a 640?

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Anonymous
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Now need a 640?

Today I was speaking to my MB about my closing ( I close in 8 days), he mentioned that within the last 48 hours, almost all of the banks he works with have raised the minimum mid-FICO score required for a mortgage to 640.

 

It does not impact me as I have been cleared to close but wondered if anyone else had heard this or knew anything about it?

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Anonymous
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Re: Now need a 640?

I have heard alot of talk that it will be 660 by the end of the year for most banks. 
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