Nichole, Home Buyer in 19135

Hi ... My credit score is 624 what is a good score ?

Asked by Nichole, 19135 Sun Aug 7, 2011

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16
I work with a lot of people who have less than perfect credit, seems like you can get approved now. I tell all my clients that need a pre approval to visit The Lenders Network, I have seen loan approvals from them even with scores under a 600. So if anyone can get you a loan they can.

Good Luck!
2 votes Thank Flag Link Sun Oct 27, 2013
Nicole in the mortgage world 624 should be good enough to get you a mortgage if you meet all the other criteria. You should meet with a local and trusted mortgage broker, they can prequailify you at no cost, they will look at your credit plus your financials and let you know if there are any mortgage programs that you may quailify for given your score and other financials.

http://www.trulia.com/blog/scott_godzyk/2010/10/where_do_i_i…

Please see my blog for tips on getting a mortgage.
Web Reference: http://www.ScottSellsNH.com
2 votes Thank Flag Link Sun Aug 7, 2011
Hi Nicole,

Usually a 620 score is the minimum to qualify. It is usually classified as "Fair"

I would say a good credit score is 700+... 800+ is excellent, keep working at it wisely and you will get it up there!

Good Luck!
Web Reference: http://www.GoHomeSA.com
1 vote Thank Flag Link Sun Aug 7, 2011
Nicole,

624 is a fair score and you may not be able to qualify for certain loan programs to purchase a house. However there is a program available that does not base loan requirements based on credit scores. This program is also a zero down, no closing costs and 1% below market for rates.

Peter Lavelle
1 vote Thank Flag Link Sun Aug 7, 2011
define good....? your score is fair, but good enough to obtain an fha loan.

good is 660-740 excellent is 740+. it is that excellent score that is needed to obtain the best rate without paying some form of charge, whether or not it is called "points"

your score is enough to get an fha mortgage, subject to your other debt, and to your income and employment.

best

john leonard
long & foster real estate
610-742-9389
john.leonard@lnf.com
1 vote Thank Flag Link Sun Aug 7, 2011
Hello,

Are you applying for a mortgage? 624 is not a bad score. 620 will qualify you for a mortgage program. You need to consult a loan officer to learn more about the programs for home buyers. if I can help you with anything else please give me a call or shoot me an email.

Have a good day.

Phil Green, Realtor
2158522041
1 vote Thank Flag Link Sun Aug 7, 2011
A good credit score ranges from 680-730, if you need to improve your credit score for whatever reason do it through Creditmend247.com

This is the solution for any individual looking to improve their credit score to get approved on a mortgage or a loan. They have over a 95% success rate with their clientele and are there to serve the customer. Give them a call at 682-200-8800 or visit their site at http://www.creditmend247.com
0 votes Thank Flag Link Mon Nov 4, 2013
Creditmend247.com

This is the solution for any individual looking to improve their credit score to get approved on a mortgage or a loan. They have over a 95% success rate with their clientele and are there to serve the customer. Give them a call at 682-200-8800 or visit their site at http://www.creditmend247.com
0 votes Thank Flag Link Mon Nov 4, 2013
Hello Nichole,

Thats a good question. I always tell my clients that it depends on the lender. Every lender has different programs and requirements. What one lender feels is a good score, another might not feel the same. I've also dealt with my share of lenders who weren't very reputable who say they can get the deal done no matter what. I try to stay away from those types of lenders and I always recommend consumers try and do the same by doing their homework. I would say that you have a good credit score though.

There are so many things to learn about when buying a home even if its not the first time someone is buying. I find that many people don't know anything about the process and what is right and what is wrong. Its better to find out before rather than later.

If you have questions about the process, feel free to contact me at reneeporsia@mac.com or give me a call at 215.669.0589.

Renée Porsia
Associate Broker/Consultant
RE/MAX Action
215.669.0589 Direct
215.358.1100 Ask for Renée

Proudly servicing Philadelphia, Bucks & Montgomery Counties full-time for over 13 years.

http://www.reneeporsia.com
0 votes Thank Flag Link Tue Oct 29, 2013
Please Note: the higher your credit score the lower your rate could be with your mortgage company, Chad is right in his explanation below. Also I have been in contact with a credit repair agency that can boost your credit scores for a minimum price, if your interested give me a call, i'll be in the office on Wednesday from 9 a.m. till noon at 215-725-5700 and i'll give you they're information or you can email me at jpwhalen@peoplepc.com

Thank you,
Jim Whalen
V.I.P. Realty Corporation
0 votes Thank Flag Link Tue Oct 29, 2013
Hi Nichole,

A "good" score is as a general rule 680 or above, excellent score is 740 or above and you typically need at least 620-640. What is your goal? refi? purchase? to just know your score? The first step is getting pre-approved (no cost, no obligation). I'd be happy to assist you. Always feel free to call or email.

King Regards,

Chad E Bahnsen

cbahnsen@mortgagenetwork.com
Visit My New Website: http://www.chadthemortgageman.com
Chad E. Bahnsen- Mortgage Originator, NMLS# 127719
Mortgage Network, Inc.- Corporate NMLS# 2668
14 E. Stratford Ave Ste 3C
Lansdowne, PA 19050
Cell: 610-457-7262
Office: 610 622-2212
Fax: 1-866-590-3806
Licensed by the Pennsylvania Department of Banking and Securities
0 votes Thank Flag Link Thu Aug 15, 2013
Hi Nicole,

My lender should have no problem getting you approved if you have a 624. Please feel free to give me a call at 267-688-1110.

Warm Regards,

Keith


Keith J. Lawson
REALTOR®
RE/MAX Affiliates N.E.
9237 Frankford Ave.
Phila, PA 19114
267-688-1110 (cell)
215-992-5534 (office)
LawsonRE@gmail.com (email)
http://www.keithlawsonhomes.com (web)
Member- N.A.R.,P.A.R.,G.P.A.R
Member - AREAA Philadelphia Metro
Follow me on Facebook at http://facebook.com/keith.j.lawson
Follow me on Twitter http://twitter.com/#!/KEITHJLAWSON
0 votes Thank Flag Link Thu Aug 11, 2011
Nicole,

While you could maybe get a PHFA loan at a higher interest rate you'll want to get your score up to 640 or higher asap in order to qualify for FHA. For a conventional loan you'll need around 680. How much money do you have saved? What is your income? Debts? These are other questions that will be taken into consideration when qualifying.

Chad
cbahnsen@mortgagenetwork.com
Cell 610 457 7262
0 votes Thank Flag Link Tue Aug 9, 2011
Nicole,

If indeed your credit score is 624, this should qualify you for a loan if you meet all of the additional criteria . From a comparison basis, your score could be a lot worse and it could be a quite a bit higher.

There are a variety of rates and programs that a loan specialist would be able to provide for you. For an accurate appreciation of your option, it would be advisable to meet with a couple loan resources and get their insight.

Good luck,

Bill
0 votes Thank Flag Link Mon Aug 8, 2011
Hi Nicole,

Our office refers people to a home ownership program. The loan requirements and rates are not credit driven, no down payment is needed and the rates are below market rates. They will guide you all the way to home ownership. In order to qualify you must be a first time home buyer or you do not currently own a home.
If you would like more information please feel free to give me a call at (215) 725-5700 ext. 29 leave your name and a good call back phone number and I will return your call.

Thank you,

Jim Whalen
V.I.P. Realty Corp.
(215) 725-5700
0 votes Thank Flag Link Sun Aug 7, 2011
credit scores can go up to the mid-800s.
0 votes Thank Flag Link Sun Aug 7, 2011
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