Does anyone know what the minimum FICO score is for the Navy 100% mortgage program? I have a mid score of 602, but I just paid my revolving debt down from almost 100% total util to 40% (1 is 55% and the remaining 6 are 0%). I'm hoping my scores will improve 40-60 points, but I don't know if that will be enough.
I've asked Navy the minimum and they won't tell me. I would especially be interested in hearing from anyone who has been approved recently for this program with a similar score. What debt to income ratios and rates did you get?
Thanks for your help.
Starting Score: TU=595, EQ=635