Credit Score in Sugarloaf>Question Details

Katherine S., Home Buyer in Sugarloaf, CA

Is 637 a good credit score for buying a first home?

Asked by Katherine S., Sugarloaf, CA Mon May 7, 2012

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3
There are other factors besides credit that determine mortgage qualification, therefore for a personalized answer do visit with any licensed loan officer; be aware that a mortgage pre-approval letter is required in order to determine your price range and for any offers to be taken seriously.
1 vote Thank Flag Link Mon May 7, 2012
Hello Katherine,
It's not a "good" credit score but it should allow you to qualify for a loan if your debt-to-income ratio qualifies. Your interest rate or fees may be higher than others whose scores are higher.

I suggest that you contact a few mortgage brokers or lenders to determine what amount you qualify for and what the rates would be. I state to contact a few lenders as their fees do vary.

Good luck!

Laura Feghali
Prudential Connecticut Realty
1 vote Thank Flag Link Mon May 7, 2012
That's a good enough credit score to qualify for a loan, but your rate and fees will likely be high if you get approved.
Web Reference: http://www.archershomes.com
0 votes Thank Flag Link Mon May 7, 2012
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