re: Debt to income ratio (front end and back end)

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Over 700 credit score? How does it work for a married couples credit score, are they combined?

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Over 700 FICO score, you should have no problem. I know my credit union required a 680 for 5% down. You will still have to pay PMI but it's MUCH less than FHA. They will go off of your middle FICO score from the 3 bureaus (Equifax, Experian and TransUnion) and will use the lower middle score of you or your wife. If you're both over 700, that's a moot point.