kubatyszko t1_jdtvv6n wrote on March 27, 2023 at 3:46 AM

Reply to comment by limitless__ in Preparing to buy our first home by [deleted]

Needs at least 730 for the best rates

gnerfed t1_jdu0rbv wrote on March 27, 2023 at 4:36 AM

It certianly isn't 730. Been a while since i was in mortgage processing but it was eithe 720 or 740.

pjstanfield t1_jdu1u6k wrote on March 27, 2023 at 4:48 AM

I’ve always been told it was 740 for my mortgages and refinances.

[deleted] OP t1_jduvfrq wrote on March 27, 2023 at 11:25 AM

[removed]

2ears1mth t1_jdun6kw wrote on March 27, 2023 at 9:40 AM

Anything 740 and above is considered top tier credit. You can easy get a good “rate” with a lower score though and with FHA anything 640 and above will get you the same pricing. There are no adjustments on pricing with FHA if your score is 640 or above.

whitney_k t1_jduwg8j wrote on March 27, 2023 at 11:36 AM

Best rates are usually 740 or even 769, but going FHA, a borrower at 640 can do okay. A lender is where they need to begin this journey.