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what is a good credit score to buy a house 2016

Yes, it’s normal. I know I’m late to the party but think I can contribute something meaningful for others. I closed on my home in Dec 2016. My score was 812 pre-purchase. I had 2 hard credit pulls during the mortgage lending process that knocked 10pts off my score. Now in April 2017 my mortgage was just reported to the credit bureaus and added to my credit report.

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What Is a Good Credit Score to Buy a House (And. – realtor.com – Jumbo Loans. You’ll generally need a credit score of at least 680. You will also generally need at least 30% equity when buying or refinancing a home. A 700 or better score yields better rates and terms and requires less down (possibly as little as 20%).

Credit score requirements to buy a house 2016 – Facebook – credit score requirements to buy a house and get a mortgage approval. Credit score below 620 maximum debt-to-income ratio is 43%. In addition, credit score below 640 you should spend.. Freddie Mac requires a minimum 620 credit score to buy a house.

How to Buy a House with Bad Credit – Debt.com – Most people think that you need good credit to buy a house. But that’s really only true for traditional, fixed-rate mortgages. If you want a 15-year or 30-year fixed rate mortgage, then you generally need a FICO score of at least 620 or above.

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Good Buy Credit To A 2016 Is House What A Score – The image above is a scale from Credit Sesame.According to Credit Sesame, a GOOD credit score rating ranges from 680-739 and an EXCELLENT credit score is. Trying to buy a house or a car. the higher your FICO score is, the better credit you appear to have.

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If you’re planning to buy a house, your credit score has a big impact on your monthly payment. Take these steps from Bankrate.com to get the best score and Before you start house shopping, it’s best to get your financial house in order. To get the lowest mortgage rate, you need a good credit score.

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What Is a Good Credit Score? | Experian – Most credit scores fall between 600 and 750. Higher scores represent better credit decisions and can make creditors more confident that you will repay your FICO Scores are used by many lenders, and often range from 300 to 850. Generally, a FICO Score above 670 is considered a good credit score.

Basically, good credit does not make up for bad credit when buying a house. If you are asking about what is a bottom line good score ~720-760. If you have a 20% down payment and are asking for well under what you are approved for then you should be golden.

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