What can I get with 648

[Anonymous]

I've raised my FICO to 648. What can I expect to get in a mortgage now or should I wait until it gets to a higher number. What should be my realistic target number?

[Tuscani]

Score isn't everything. We need more details.

[Anonymous]

Its funny how people think the score is everything! Depending on your credit histroy and a few other things... You can still get a FHA loan with a low rate even if you have a low fico. I have a borrower now that have a 636 Fico and we are doing a 97 percent loan at 6.625. Shop around and remember that you need more than a fico to buy a home.

---

Tuscani wrote:

Score isn't everything. We need more details.

---

[Tuscani]

---

OneMortgageGuy wrote:

Its funny how people think the score is everything! Depending on your credit histroy and a few other things... You can still get a FHA loan with a low rate even if you have a low fico. I have a borrower now that have a 636 Fico and we are doing a 97 percent loan at 6.625. Shop around and remember that you need more than a fico to buy a home.

---

Tuscani wrote:

Score isn't everything. We need more details.

---

---

I know!

And wow, nice deal!

[Anonymous]

I was just wanting a general idea. We make about 125,000.00 per year and are looking at buying in the next 6 months. We will have about a 20% total of utilized debt to credit limit. WE alos will have about 10% debt to income or less. So what might we expect? I still wonder what should be realistic FICO score goal. I know that the score isn't everything but what score should we realistically shoot for that might make a mortgage company drool over us as a customer.

[Anonymous]

2 years ago I got a $105k FHA loan at 6% fixed for 30 years (I think I was pre-approved for $120-130k). My score was at 620, I made $45k. I had some lates which I PIF and 1 CO, but no current CC debt.

[ronq]

Get your UTL down to 1-3% and your score will go up more than you might think.

[Anonymous]

With your score you can get 100 percent now but Im not sure about your credit or income.