Posted on: 27th Jul, 2009 03:28 pm
I have a score of 645 and decent income with no credit card balance.
Hi George, Depending on how much of a mortgage you are looking for, And how your income is, debt, credit history, work history, And a few other things. You fico is good enough for a FHA Loan which only requires a score of 620.
Hi, Can i get a conventional loan with a score of 697?
HI, A conventional loan does require a minimum fico score of 740 now days cause of the economy. Getting your score from 697 to 740 should not be that hard if you pay down a couple bills.
Julieann
Welcoem to the forum
To be honest jumping from 697 to 740 will take time and also some discipline
Your credit score and report is based on the following
35% is based on payment history
30% Amount you owed
15% length of history
10% New credit
10% on types of credit
So work on them from top to down and will help you to achive that number quicker
Good luck and feel free to ask
Welcoem to the forum
To be honest jumping from 697 to 740 will take time and also some discipline
Your credit score and report is based on the following
35% is based on payment history
30% Amount you owed
15% length of history
10% New credit
10% on types of credit
So work on them from top to down and will help you to achive that number quicker
Good luck and feel free to ask