What type of credit rating you need to pay for 250k loans.?

Deal Score0

200K 300K, etc.? Mortgage and interest rate?

4 Comments
  1. Reply
    Robin
    February 13, 2011 at 3:02 am

    It depends on your interest rate, lender, etc. Every bank is different.

  2. Reply
    newjerseyguy
    February 13, 2011 at 3:58 am

    There’s no rigid threshold score. Your score will play a big part in determining what interest rate lenders will offer.

    The amount you can qualify for depends on that, your income, your down payment and other factors.

  3. Reply
    J O
    February 13, 2011 at 4:33 am

    There are no hard and fast rules, but there is generally no difference between 150k, 200k, 300k, or even 417k. The rules are generally the same all the way from 100k to 417k (the conforming loan limit). You must keep in mind though that it is all based on percentages so there is a big difference between putting 20% down on a 100k purchase and 20% down on a 417k purchase, the same goes for income.

    Hope this helps. Let me know if you have other questions!

  4. Reply
    Carolinahomerates.com
    February 13, 2011 at 5:09 am

    really depends on your income.
    you can have great credit..and down payment but if you’re debt to income is through the roof….then you need to buy a smaller home

    Leave a reply

    Register New Account
    Reset Password