Posted on: 29th Nov, 2012 11:26 pm
I had my scores pulled today & I have a 620 mid score. I have a pre-approval through FGMC, but rate is in the 4's so I'd like to shop around. Contacted WF & they told me they just raised requirements to 640. Amerifirst told me they also need to see 640. Anyone else know of any lenders with a competitive rate at 620?
Hi Guest,
The lenders will prefer if you have more than the minimum required scores. This will lower the risk for the mortgage lender. Thus, it will be better if you could raise your credit score and then look out for loans.
Thanks
The lenders will prefer if you have more than the minimum required scores. This will lower the risk for the mortgage lender. Thus, it will be better if you could raise your credit score and then look out for loans.
Thanks
Welcome Guest,
Yes, it is true that lenders have become stricter about credit score requirements. It will be better if you could raise you score. You can check out the given page for the same: http://www.mortgagefit.com/credit-rating/credit-repair.html
Yes, it is true that lenders have become stricter about credit score requirements. It will be better if you could raise you score. You can check out the given page for the same: http://www.mortgagefit.com/credit-rating/credit-repair.html