Hi MeganRoss1,
Last Month I heard that the minimum was 700 on the middle score or on an average of the three credit scores. That might have changed. Also, Remember that PMI is an insurance product like any other and different insurers will have different requirements. Since Mortgage consultants are the go betweens for with PMI providers, you should speak with several Mortgage consultants to get a true Minimum Fico score requirement. Below is the Mortgage consultant that I trust the most.
Scott Reich
Sales Manager
Access Mortgage
225 Littleton Road
Morris Plains, N.J. 07950
Direct: 845-561-3877
Fax: 973-630-3593
Cell: 914-760-1783
I hope this helps. Please let me know if I can be of further assistance.
All the best,
JOE GREENE
Broker/Owner
WEICHERT, REALTORS - House & Home
609 Kappock Street
Suite 1A
Bronx, NY 10463
(718) 432-5000 ext.601 (Office)
(718) 432-2091 (Fax)
(917) 974-2600 (Cell)
joegreene@weichert.com - Fri Oct 9 2009, 09:17