to buy this house around what number does your credit score have to be ??

Asked by efren765garcia, Chicago, IL Sat Jul 27, 2013

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Sam Sharp, Mortgage Broker Or Lender, Chicago, IL
Sun Jul 28, 2013
This will depend on your down payment - 620 for conventional financing and 640 for FHA (with most lenders although you may be able to find some that go down to 580)
Good luck and should you have any further questions please feel free to contact me
Sam Sharp
Senior VP of Mortgage Lending
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1 vote
Matt Laricy, Agent, Chicago, IL
Sun Jul 28, 2013
You need to speak to a lender and see what you can get approved for.
Web Reference:
1 vote
Bill J Delig…, Agent, Naperville, IL
Mon Jul 29, 2013
Work with a Lender in order to get yourself pre-qualified. Credit, Income and Down Payment will determine your ability to purchase a home.
Web Reference:
0 votes
Evelyn S. Fr…, Agent, Chicago, IL
Mon Jul 29, 2013
Hi Efren,

As previously stated 640 is the number your credit score should be at. Get pre approved by a lender, contact any of the referrals here and make sure you ask about FHA & Smart Move loan types.

With an FHA loan you're only required to put 3.5% as your down payment, and, the Smart Move, I only 3% down payment, again contact a lender to get qualified and ask your questions.

Good luck!
0 votes
Joe Schiller, Agent, Chicago, IL
Mon Jul 29, 2013
general ruleof thumb is 640 but everything is possible
0 votes
Manuel Brown, Agent, Chicago, IL
Mon Jul 29, 2013
Hi Home Buyer,

Sam Sharp is your man. He will advise you on your financing.
0 votes
Santiago Ken…, Agent, Chicago, IL
Sun Jul 28, 2013
No solo depende del numero del credito que creo que debe ser superio a los 600 , tambien es muy importante tener trabajo estable , por los ultimos 2 años en el mismo lugar .
Deberias hablar con algun banco , mandame un email a y te envio la info de Monica en Chase

Saludos .
0 votes
Sohail Salah…, Agent, Chicago, IL
Sun Jul 28, 2013
Depends on the program however the Illinois department of housing has a very good program out right now for first time home buyers called Path To Own/ Smart Moves. I would contact Jason Accola at Wintrust so you can get more information.

Jason Accola, 312.316.3000

Sohail A. Salahuddin | Founder and Team Leader

Innovative Property Consultants Group | Sales and Leasing

Jameson Sotheby’s International Realty

425 W. North Ave. | Chicago, IL 60610

O: 312.335.3230 | C: 312.437.7799 | F: 847.805.6030

"Extraordinary Service For Extraordinary Lives"
0 votes
Philip Sencer, Agent, Chicago, IL
Sun Jul 28, 2013
You need to speak wit a lender or 2 and ask. My web site has some lender references.
0 votes
Martin Sanch…, Agent, Chicago, IL
Sun Jul 28, 2013
This home was listed on July 3rd and it sold on July 5th. Any buyer has to be pre-approved before considering buying a house unless he or she can buy cash. The best home deals sell within a few days after they get listed. Call me at 847-987-2198 or email me at to guide you as to how to get the best deals as a buyer.
0 votes
Kevin Burbano, Agent, Chicago, IL
Sat Jul 27, 2013
It depends on a few factors. I can refer you to a Loan Officer who can pre-qualify you for free.

Kevin Burbano
0 votes
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