Posted on: 01st Nov, 2013 02:35 am
How much loan amount and what type of interest rate will I be able to qualify for if I have a credit score of 622?
Hi Ceiley,
The loan amount will depend upon your income and your property value. With your credit score, you will be able to get a FHA loan.
Take care
The loan amount will depend upon your income and your property value. With your credit score, you will be able to get a FHA loan.
Take care
Hi Ceiley,
You can check out the given calculator in order to find out how much mortgage you will be able to afford: http://www.mortgagefit.com/calculators/howmuch-afford.html .
Thanks
You can check out the given calculator in order to find out how much mortgage you will be able to afford: http://www.mortgagefit.com/calculators/howmuch-afford.html .
Thanks
Well, the amount of loan and the kind of interest rate for which you are eligible will depend upon your fixed income. With 622 as your credit score, you will not be able to qualify for a conventional loan. As such, you can opt for an FHA loan.