Now, in terms of qualifying for a house it will depend on other factors such as your income, your debt, length of employment, money for downpayment and/or money for closing costs, etc.
This is Frank Mandujano, Loan Officer with Greatland Mortgage Corp., here in Fresno. I was wondering if you have started the loan process. If you are looking to partner with a honest, and efficient loan officer, please give me a call (559) 244-4250 office and (559) 977-7238 cell.
I am located between E Shaw and Sixth Street.
Relocation Specialist, First-Time Home Buyer Specialist
654 is not a bad credit score!
To qualify, underwriters look at credit score, debt-to-income ratio, stability of income, amount and source of downpayment, recent payment history, etc.
Purchases (Min 530 score)
o 12 month cancelled checks or Management VOR
o Must have 3 good recent tradelines
o Payment shock limited to 1.5 times
o 33/45 DTI max
o No lateâ€™s or collection in last 12 months
o NO lateâ€™s after BK