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Established Member
Posts: 22
Registered: ‎01-11-2013
0

What credit scores need to be for a mortgage pre-approval

My Fico scores are
EX 690
EQ 657
TU 632
My annual income is 80k and I am wondering if I could qualify for a pre approval on a 325k loan. I'm looking to build a home.
Regular Contributor
Posts: 205
Registered: ‎06-04-2012
0

Re: What credit scores need to be for a mortgage pre-approval

Your scores should be good enough. Of course it can also depend on whats in your reports. Usually a 640 mid score is whats required by most lenders. If you have low debt & a good down payment that will certainly help, as 325k is getting to the upper portion of home affordability for your income.
Starting FICO 667 (5/2012) EQ
672 (7/2012) EQ. 681 (8/1/12) EQ
Current FICO 682 (10/13/12) EQ; 718 (10/13/12) TU
Goal: 760+ but 700-720 by jan 2013
No new apps tll jul 2013

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