Comment from janeannp
Time July 22, 2009 at 1:40 pm

Mine was 680 and I got approved with no problems. You will probably get a loan, though it won’t necessarily be as good of an interest rate if you had had like 800 plus instead.

Comment from Mountain Top
Time July 22, 2009 at 1:45 pm

620 is the absolute minimum for a prime buyer rate. Even one point less, and you are in the “sub-prime” pool.
Be aware it’s the middle score of the one pulled from three agencies. So if one is 640, the other is 620, and one is 580 – they don’t average, they don’t take the high or low – they take literally the middle score. So it’s important to get all three agencies onto the same page – identical reports.
There is a way to bump your score the month before you go for a loan – the easiest – if you have credit cards and are carrying balances – pay them to zero. Of course you must be able to maintain this through closing, and then you can ratchet them up again.

Comment from ★★★ Katharine ♥♥♥♥
Time July 22, 2009 at 7:16 pm

Mine is 820 – and I am doing a loan right now.
Doesn’t hurt to apply – they will let you know if its enough or not – I went through wells fargo – the no closing cost deal!

Comment from gregory m
Time July 23, 2009 at 1:59 am

yes you can get 100 percent financing at a favorable rate. I would try to get it up to at least 640 to get an even better rate and you qualify for a construction loan with a 620 or better on your mid score. Make sure you check all three bureaus because they pull your middle score.

Comment from laura
Time July 23, 2009 at 4:22 am

trying to get a house to
credit not good having a hard time
you could look for land contract
be sure to look around at different places
good luck hope you get a house