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Would like preapproval

New Member

Would like preapproval

I need a mortgage in the next 2months, no debt, 120k annual salary, but credit scores og 627 TU 612EQ 595EX...could I get approved for a conventional loan?
Message 1 of 8
7 REPLIES
Moderator

Re: Would like preapproval


universal12heart wrote:
I need a mortgage in the next 2months, no debt, 120k annual salary, but credit scores og 627 TU 612EQ 595EX...could I get approved for a conventional loan?

This should be in the mortgage forum; however, where did you get your scores from?  I ask because it's hard to get your EX without going through a lender.  If those aren't FICO scores (FAKO's as they're called here) then you can't be basing your chances off them.  

Starting Score: EQ 5 561, TU 98 567, EX 2 599 (12/30/11)
Current Score: EQ 5 771, TU 4 741, EX 2 776, EQ 8 809, TU 8 774, EX 8 822 (1/1/18)
Goal Score:    EQ 5 771, TU 4 750, EX 2 776, EQ 8 809, TU 8 774, EX 8 822 (01/01/19)


Take the myFICO Fitness Challenge
Message 2 of 8
Moderator Emeritus

Re: Would like preapproval

Moved to Mortgage Loans.

Message 3 of 8
Valued Member

Re: Would like preapproval

FHA would be about ur only option most lenders want to see atleast a mid score of 680 for conventional
Message 4 of 8
New Member

Re: Would like preapproval

Got from FIco....do not know my actual experian
Message 5 of 8
Super Contributor

Re: Would like preapproval


matt6781 wrote:
FHA would be about ur only option most lenders want to see atleast a mid score of 680 for conventional

 

 

620 allowed with 20% down.

 

 

 

Retired Lender
Message 6 of 8
Super Contributor

Re: Would like preapproval


universal12heart wrote:
I need a mortgage in the next 2months, no debt, 120k annual salary, but credit scores og 627 TU 612EQ 595EX...could I get approved for a conventional loan?

 

how much down?

 

purchase price?

 

why conventional and not fha?

 

Retired Lender
Message 7 of 8
New Member

Re: Would like preapproval

15k down, purchase price 280k...I thought I would not qualify for FHA since i have a late payment 3 mths ago on my last mtg
Message 8 of 8