Tag Archive for: FICO

What Credit Score Do I Need To Buy A Home?

When looking to buy a home, many will ask themselves, "what credit score do I need?" This will depend on the type of mortgage loan you're applying for as well as the mortgage lender you work with. Even if you do not have perfect credit, or in fact, have a poor credit score, it's still possible to get a home loan.Read More

What Credit Score Is Needed To Refinance A House?

Credit scores play a significant role in determining what mortgage rate you qualify for when refinancing. There is no "one interest rate" that lenders quote each day because of the many factors that affect individual rates. Credit scores can drastically change the rate that lenders are able to quote borrowers for refinances.Read More

Buyers Don’t Need a ‘Perfect’ Credit Score to Get a Loan in California

Buyers in don't need a perfect credit score to get a loan in California. Having a high credit score can help buyers secure a loan with a lower interest rate. However, today’s loans have more forgiving guidelines when it comes to a buyer’s credit, which is especially true with government-funded loans.Read More

Many Things Affect “The Rate:” Fico; LTV; 80/10/10; Condo vs. SFR

We have a borrower with a 703 FICO bidding on condos with the intention of using 80/10/10 (1st and 2nd combo) financing. He needs a high balance loan too. There […]Read More