What Score Do You Need to Get a Loan?

What Score Do You Need to Get a Loan?

Today I’m coming to you with a warning. As of a few days ago, the FHA was providing credit score-driven loans with a middle score as low as 580. Unfortunately, to now purchase a house on a government loan, you need at least a 680 middle score. It’s also tough for us to lock in a decent mortgage rate for you right now because of everything going on due to the health crisis. Although everyone is currently stuck at home, this is actually an ideal time to work on your credit. To learn more about the way loans are currently being given, watch my latest video.

Learn more: https://mortgagemoneygirl.com/what-score-do-you-need-to-get-a-loan.html


Charles T. Dalbec

Helping Vets Help Themselves

4 年

Thank you mortgage leader

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