2007-12-14 06:50:50 · 6 answers · asked by wallstreetsmart 1 in Business & Finance ➔ Personal Finance
any mid-score Fico over 635 is good , and it's great that you have the 20% down, so no PMI, which makes you an even better credit risk. Good luck and happy house hunting. :)
2007-12-14 06:55:23 · answer #1 · answered by Rachael in Colorado 5 · 0⤊ 0⤋
20% is the magic number in the mortgage industry. This opens up a lot of possibilies for you. As long as you have the Debt to Income ratio to afford the payments, and no outstanding collection accounts or judgements, you should be just fine.
2007-12-14 14:59:34 · answer #2 · answered by OC1999 7 · 0⤊ 0⤋
With 20% down and sufficient income, you don't need a credit score. As long as you don't have a NEGATIVE credit history, you qualify REGARDLESS of your FICO score.
2007-12-14 15:34:44 · answer #3 · answered by STEVEN F 7 · 0⤊ 0⤋
Yes you can. But don't deal with on-line brokers. Shop around with local banks first.
2007-12-14 14:54:22 · answer #4 · answered by npk 7 · 0⤊ 0⤋
you are right on track. You should have no trouble, but deal with mortgage people in person not with these online people.
2007-12-14 14:59:13 · answer #5 · answered by Anonymous · 0⤊ 0⤋
yes!!!
2007-12-18 08:56:41 · answer #6 · answered by mister ed 7 · 0⤊ 0⤋