Posted on: 01st Jan, 2014 01:37 am
What kind of interest rate will I be able to qualify for if I expect with a credit score of 622?
Hi Guest,
It will be completely the lender's discretion as to what type of interest rate you will be able to qualify for.
Thanks.
Jerry
It will be completely the lender's discretion as to what type of interest rate you will be able to qualify for.
Thanks.
Jerry
We also take into effect assets, income, employment, type of debts, etc in addition to credit. If you would like to discuss in more detail, feel free to contact us.
Today the rate for an FHA mortgage is 4.250% and zero points
Conventional will vary by the size of your down payment. If down paymnt is the minimum 5%, figure around 5.250% and zero points today.
Conventional will vary by the size of your down payment. If down paymnt is the minimum 5%, figure around 5.250% and zero points today.
Well, it will depend completely upon your lender as to what interest rate you will be eligible for with 622 as your credit score. If you can, try to convince your lender to reduce the interest rate by as much as possible.