Tuesday, December 15th, 2009

What credit score range is viewed as acceptable/good in order to get approved for a mortgage loan?

credit score range
G$ asked:


I’m currently in the mid 550′s which is bad, and I’m trying to rebuild it so I can buy a house. What is a preferable credit score that lenders look for? Any suggestions on putting myself in the right position credit-wise to obtain a good loan? (I’m about to pay off a car note at $350/mth and am paying off credit cards that have gone to collections. I know debt to income ratio plays a role in a home loan)…

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5 Responses to “What credit score range is viewed as acceptable/good in order to get approved for a mortgage loan?”

claudia Says:
December 16th, 2009 at 7:29 am

CREDIT SCORE SHOULD BE 710 OR UP FOR CONVENTIONAL AND FHA AS LONG AS CREDIT IS GOOD THE RATES ARE THE SAME (HIGH)

travelbum Says:
December 18th, 2009 at 3:30 am

“A” credit is now viewed as 740 and up, to get the best mortgage loan terms and interest rates. For FHA, you can have a lower score, 620. Here is an excellent free reference you should read to learn all about how to get approved for a mortgage and what they look for:

Here is information regarding the FHA requirements:

Best of luck to you!

Robert Albert Says:
December 20th, 2009 at 4:33 pm

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hedaya o Says:
December 23rd, 2009 at 12:06 am

you should keep at least 2 account open if not you should open 2 account even secure cards, use them wisely, make payment on time
and go on your score will slowly picking up, just be patient.

Paul Says:
December 25th, 2009 at 8:10 pm

creditreport.imess.net – try this service to boost you credit score before getting loan. After credit repair you can get the loan with minimal interest rate.

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