Best strategy for buying a house?

[Anonymous]

With those mortgage scores it looks like your in good shape. "Thomas Thumb" and "CreditGuysInDixie" is very knowledgable on this stuff, recommend disecting what he repied. I am not sure there would be a difference in you loan between 795 and say 815,, maybe.. Keep on, keeping it on. :-)

[Anonymous]

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@Thomas_Thumb wrote:

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@Anonymous wrote:

I just looked at the mortgage scores and they are

EQ 823

TU 812

EX 833

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The only issue I see is you appear to have listed your EQ and TU scores backwards. A TU 823 is typical as is an EQ 812. Maximum EQ Fico mortgage score is 818, so 823 for EQ is out of range.

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Nice catch by TT.  As he mentions, an EQ of 823 is impossible for the EQ mortgage model.  A perfect score in that model is 818.  Even an EQ mortgage score of 812 is only possible for a person with a VERY good profile.

Because of all this, I'd go back again and make sure you are looking at your mortgage scores, and not perhaps FICO 8 or FICO 9.

If you really do have a middle mortgage score > 800, you are more than good to go.  A 760 is fine -- and that assumes you need PMI.  If you don't need PMI, a 740 is fine.