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Just found out I need 700 mid score

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Student_Loans_Kill
Frequent Contributor

Just found out I need 700 mid score

Just got done talking to Mortgage company and they suggest I have for the specific loan program I qualify for, no down payment, no PMI and the lowest interest rates available. It seems like it will take forever for me to get my score to 700... sigh


Starting Score: 656
Current Score: 678 TU 08, 665 EQ MyFico, 698 EX PSECU
Goal Score: 7OO needed for Mortgage application


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Message 1 of 5
4 REPLIES 4
Anonymous
Not applicable

Re: Just found out I need 700 mid score

What type of mortgage program is that?

Message 2 of 5
Student_Loans_Kill
Frequent Contributor

Re: Just found out I need 700 mid score


@Anonymous wrote:

What type of mortgage program is that?


Profession specific loan

Starting Score: 656
Current Score: 678 TU 08, 665 EQ MyFico, 698 EX PSECU
Goal Score: 7OO needed for Mortgage application


Take the FICO Fitness Challenge
Message 3 of 5
drkaje
Senior Contributor

Re: Just found out I need 700 mid score


@Student_Loans_Kill wrote:

@Anonymous wrote:

What type of mortgage program is that?


Profession specific loan

Is that the only program that will be more lenient about excessive DTI?


Starting Score: 675
Current Score: EX 753 FICO, EQ 737FICO, TU 738
Goal Score: 776 FICO


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Message 4 of 5
Student_Loans_Kill
Frequent Contributor

Re: Just found out I need 700 mid score


@drkaje wrote:

@Student_Loans_Kill wrote:

@Anonymous wrote:

What type of mortgage program is that?


Profession specific loan

Is that the only program that will be more lenient about excessive DTI?


Yes, BOA killed their program for nOObs coming out of training programs, Suntrust is one of the only good programs left. I'm not sure however, FHA would be a great option if they weren't limited to $271,000 in my area. So only way to kill that DTI is through non conventional

Starting Score: 656
Current Score: 678 TU 08, 665 EQ MyFico, 698 EX PSECU
Goal Score: 7OO needed for Mortgage application


Take the FICO Fitness Challenge
Message 5 of 5
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