Question Details

Bob Brubaker, Real Estate Pro in Lake Worth, FL

what does a "middle Score" mean?

Asked by Bob Brubaker, Lake Worth, FL Sun Dec 4, 2011

Qualifications many times state " must have a minimum middlescore..........

What does that mean?

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there are 3 major credit score reporting agents. throw out your highest credit score and your lowest credit score. the middle score is what you left with and this is the score mortgage reps will use to help qualify your for a loan.
0 votes Thank Flag Link Mon Dec 5, 2011
What is the lowest scroe you can have to qualify for a mortgage
0 votes Thank Flag Link Thu May 29, 2014
What if your credit scores were 639, 639 and 592? Why is one much lower shuld they not all be the same?
0 votes Thank Flag Link Thu May 29, 2014
When we use a Tri-Merge credit report with scoring from all three credit bureaus, then we use the middle of the three credit scores for qualifying purposes. For example, a Tri-Merge report indicates scores of 678, 669 and 661. 669 is the middle or qualifying score in this example.

Trevor Curran
NMLS #40140
Web Reference: http://tcurranmortgage.com
0 votes Thank Flag Link Mon Dec 5, 2011
Your lender should be able to explain this better, but my understanding is that you'll have three different scores from the three different credit reporting agencies. The middle score is exactly that -- the middle of the three. It's like tossing out the highest and lowest scores and basing their decision on the middle score only. Make sense?
Web Reference: http://www.sallygrenier.com
0 votes Thank Flag Link Sun Dec 4, 2011
Web Reference: http://www.dolcehomes.com
0 votes Thank Flag Link Sun Dec 4, 2011
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