If you are looking to refinance your mortgage loan, you’ll want to be prepared to meet your lender’s criteria and educate yourself about your FICO® Scores as they are the credit scores most commonly used in the mortgage refinancing process. As there are different versions of the FICO Score, it’s important that you focus on … Continue reading What are the Kentucky FHA Credit Score Requirements for 2020 Mortgage Loan Approvals?
Kentucky Mortgage Loan Info in regards to Credit Score, Down payments and debt to income ratios.
Loan Info in regards to Credit Score, Down payments and debt to income ratios. Here are a few Kentucky mortgage misconceptions in regards to qualifying for a Mortgage loan in 2020 Credit Score Myth For Kentucky Mortgage Loans 53% of people surveyed believe they need a minimum credit score of 650 to qualify for … Continue reading Kentucky Mortgage Loan Info in regards to Credit Score, Down payments and debt to income ratios.
Credit Scores for Kentucky VA, FHA, USDA , Fannie Mae Home Loans
What is the minimum credit score I need to qualify for a Kentucky FHA, VA, USDA and KHC Conventional mortgage loan in 2020?
Credit Scores for Kentucky VA, FHA, USDA , Fannie Mae Home Loans
Call 502 905 3708 or email us at kentuckyloan@gmail.com for your free Kentucky Mortgage Application and Credit Report
A credit score is a number that helps lenders and others predict how likely you are to make your credit payments on time. Each score is based on the information then in your credit report.
Why Do Your Scores Matter?
Credit scores affect whether you can get credit and what you pay for credit cards, auto loans, mortgages and other kinds of credit. For most kinds of credit scores, higher scores mean you are more likely to be approved and pay a lower interest rate on new credit.
Want to rent an apartment? Without good scores, your apartment application may be turned down by the landlord. Your scores also may determine how big a deposit you will have to pay…
View original post 2,579 more words
KHC = Kentucky Housing Corporation DAP = Down Payment Assistance Program for Credit Scores of 620
KHC = Kentucky Housing Corporation DAP = Down Payment Assistance Program for Credit Scores of 620
Lenders continue to lower FICO requirements for new homebuyers
The average agency FICO score for banks is high at 745, compared to 713 at nonbank lending institutions. Both show FICO requirements are on the way down, but it's more pronounced at the nonbanks. Here's why. Source: Lenders continue to lower FICO requirements for new homebuyers The nation’s major banks are continuing to … Continue reading Lenders continue to lower FICO requirements for new homebuyers
Kentucky First-Time Home Buyer Programs | USDA, FHA, VA & KHC Loans 