Sounds like you are awfully close to qualifying in the credit score area, assuming these are actual FICO scores and not the consumer-accessible scores you must pay for. But credit score is only one component in the mortgage qualification process. We review the entire credit report, not just the score. If the credit report doesn't stand up to minimum credit standards then the credit score doesn't mean a whole heckuva lot.
Meet with a Local Mortgage Banker to get yourselves properly prequalified. Even if you're not ready at this time your Mortgage Banker can suggest an Action Plan for you to prepare for the Homeownership experience.
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*We do Conventional loans down to a 620 score
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Thank you for your response. I actually paid for his FICO score a couple hours ago and it's a 629. As far as getting anything else, I haven't looked into it. I'm new at this so I've been doing a lot of research.
He definitely has some good credit on there as well.
I will see what we find out this Saturday at our meeting and I'll definitely keep you in mind. Thank you again.
My first question is did you pull a mortgage report, or is this a consumer report. They score differently. Second, a lot of lenders can get you a loan with a mid score of 620. You do need to have some "good" credit established though.
If your lender says you need to clean up your credit first then give me a call. We can help you get qualified for a homeloan.
Give me a call for a free consultation at 800 901-8122 ext 211.
Allied Credit Solutions