My credit score is 677 and i want to purchase a house. is that a good score for a first time buyer?

Answer 1

When I was a realtor I saw a lot worse. You may be able to clean it up a bit more if you order your reports and check to make sure there are no errors. Also check for old bad debt that is cleared up but still listed. Call those companies, write letters, send emails, until they remove it from your report.
But if you have to go with 677 the worst you will find is that your interest rates on your mortgage will be higher than the average.

Answer 2

677 is O.K. but it won't get you the best interest rate. When puchasing your home you want a good interest rate because you wll save money with a good score. A score of 750 or better will save you lots of money. A company called Financial Destination can get your score high within 6 months a consulation call comes on at 9:30 on Tuesday night the number is
646-519-5800 pin 0546# you can also go to the web page
www.fdirep.com/runningover or call me at 704 450 8877 I'll be glad to help

Answer 3

A 677 mid score is a good score to have. There are additional factors that play into it also. Like if you will be proving income. For a fast free pre-approval log onto http://www.justgetaloan.net We assist with finding the best possible programs to fit their particular needs. Also you ay contact me direct at 866 530 7300 ext 7305 or by email at [e-mail]

Answer 4

Best Answer - Chosen by Asker

First-Time Homebuyers

American Home Mortgage has helped thousands of clients become first-time homebuyers when they didn’t think they could afford to purchase a home. Make today the day you begin the journey toward homeownership!

It is my primary job to guide and educate you throughout the process, and to assist you in making some of the important decisions you’ll be faced with. I offer almost 2,000 different mortgage loans. I will take the time to understand and assess your current financial situation as well as your long-term financial goals, define your specific needs, then match your requirements with the loan program options that will allow you to achieve your goal of owning a home.

LOAN PROGRAMS
We offer almost 2,000 different loan programs, including: • First-time homebuyer programs
• Federal Housing Administration (FHA) and Veteran’s Administration (VA) loans
• Down payment assistance programs
• 100% and 100%+ loan programs
• Local bond programs
• Conventional Fixed Rate loans
• Full array of Adjustable Rate loans

YOUR MORTGAGE APPLICATION
Documents required for your mortgage application appointment: • Year-to-date pay stub(s)—most recent month
• W-2s/1099s—last 2 years
• Signed federal tax returns—last 2 years
• Bank statements for each account—last 2 months
• Copies of all asset & liability accounts (e.g., auto loan documents, etc.)
• Complete address & zip code for: • Present Employer
• Previous Employer(s)—last 2 years


TO ESTABLISH ALTERNATIVE CREDIT
Ratings or monthly statements for: • Telephone
• Gas & electricity
• Cell phone

Call me today to get started shopping for your new home. You will be completely satisfied with both my service and your loan solution! Denielle Hass 503-545-0453 or email me [e-mail]

Answer 5

Definately.you can pick and choose your own financing.My credit was bad.I was able to purchase a home but I had to put a huge downpayment.I was very lucky and got a fixed rate mortgage at 6,75 interest rate.Find the best interest rate you can,lock it in and file for a homestead as soon as you move in.It can save you 15,000.00 in taxes.Good luck.

Answer 6

Yes, the lowest score any lender will take on a first time buyer deal is 620, so your good!

Answer 7

Subprime lenders take scores down to 520. Home123, and Oakstreet Mortgage our good examples of lenders who have these programs. Good luck

Answer 8

its not bad .. mortgage companies usually look for 700 and up.. they will however consider based on no deliguency with any of your card companies ,,(1 past due ..2 past due ... etc )