What Credit Score Allows You To Get A Mortgage?

There are several classes of mortgages. You may have heard of it. “; auxiliary”; the movie Gnome. Subprime mortgage means what it says… It’s below optimal conditions, and they charge higher interest rates for your loans.

Status. “Prime”; category, at least 660FICO points are required to obtain mortgage loans through existing borrowers.

If you find yourself in the field of subprime loans, you can score according to your credit or apply for a loan from FHA. For a low prepayment of 3.5%, FHA currently has a minimum score of at least 580 points. Anything below this level will pay 10% of the advance payment. This can bring a lot of cash to people.

Mortgage interest rate and; prime(default); uS exchange rate. This is formulated by the government. Since the banking and housing crisis in 2008, the level is very low. This means that money is “money”. “Cheaper”; because everyone’s overall interest rate is low.

So if you consider buying a house, if your financial situation is good or your credit score is close to 660 or above, now is a good time to buy the house.

If you want to buy a house as soon as possible, but want to adjust your credit to get the best interest rate, please contact us through the Assurance credit service. We can not only help you with your credit, but also cooperate with several excellent mortgage lenders to provide you with the best interest rate possible.