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New Member
Posts: 4
Registered: ‎06-01-2010
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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?
Moderator Emeritus
Posts: 11,198
Registered: ‎12-30-2011
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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 561, TU 567, EX 599* (12/30/11, EX lender pull 12/29/11)
Current Score: EQ 04 700, TU 04 731, EX 98 725 (05/24/15)
Goal Score: 700 on EQ 04 (01/01/16)


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Moderator
Posts: 17,156
Registered: ‎07-14-2009
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Re: Would like preapproval

Moved to Mortgage Loans.

Valued Member
Posts: 28
Registered: ‎03-13-2011
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Re: Would like preapproval

FHA would be about ur only option most lenders want to see atleast a mid score of 680 for conventional
New Member
Posts: 4
Registered: ‎06-01-2010
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Re: Would like preapproval

Got from FIco....do not know my actual experian
Super Contributor
Posts: 6,624
Registered: ‎07-03-2007
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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.

 

 

 

* While I try to visit the forum often, please feel free to contact me directly with a link to your post if I fail to answer a follow up question.

* Lending across the entire 'Great State of Texas' since 2004
Super Contributor
Posts: 6,624
Registered: ‎07-03-2007
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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?

 

* While I try to visit the forum often, please feel free to contact me directly with a link to your post if I fail to answer a follow up question.

* Lending across the entire 'Great State of Texas' since 2004
New Member
Posts: 4
Registered: ‎06-01-2010
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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
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