New Member
nisargshah12
Posts: 18
Registered: ‎09-23-2012
Looking to get a mortgage for around 60 - 70k

I just checked my FICO score and I plan to get a 60 to 70k mortgage after a year or so when my 6 yr old charge off and couple late payments fall off. Not to mention my inquiries will cool off by then as well. My score is 683 EQ FICO. Do I stand to have good rate for FHA financing, I plan to put like 10% down depending on how closing costs look like.

Valued Contributor
creditnocash
Posts: 2,164
Registered: ‎07-23-2012
Re: Looking to get a mortgage for around 60 - 70k

well as long as there is no other negatives you should be good? 

 

whats your aaoa though? sometimes the age of the delequent account overbares the negative effect of itself. 

Current: EQ 735 Discover 9/5/13 Walmart TU 730 EX FICO 726 Amex Pull(1/1/13)

Starting total revolving credit: $2600 | Current total revolving credit: 31k+

Inquiries (24 Months): EQ 8 TU 5 EX 5 | Most Recent: 09/04/2013
2 Inquiries in The Last 12 Months


2014 Goals:
Lower Utility

Amex Zync(Unicorn)
Chase Freedom$1500
Discover IT$2900
Citi Diamond Preferred$6000
Citizens Mastercard$7000
New Member
nisargshah12
Posts: 18
Registered: ‎09-23-2012
Re: Looking to get a mortgage for around 60 - 70k

My AAoA stands to around 7 years with new accounts that I have opened recently.

Valued Contributor
JM-AM
Posts: 3,303
Registered: ‎06-09-2010
Re: Looking to get a mortgage for around 60 - 70k

nisargshah12 wrote:

I just checked my FICO score and I plan to get a 60 to 70k mortgage after a year or so when my 6 yr old charge off and couple late payments fall off. Not to mention my inquiries will cool off by then as well. My score is 683 EQ FICO. Do I stand to have good rate for FHA financing, I plan to put like 10% down depending on how closing costs look like.


FHA rates vary very little if any. The variation is with the lender not FHA. Your scores are fine, the amount of loan is low, so depending on your income and length of time at employment I do not forsee any issues. 

 

Good Luck..

Good Luck
May all your dreams and wishes become a reality!