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re: Short/No Credit History Mortgage?

Posted on 2/11/16 at 2:16 pm to
Posted by Powerman
Member since Jan 2004
162294 posts
Posted on 2/11/16 at 2:16 pm to
quote:

To get the loan that you got, I'll assume that your credit score is above average and your employment history is established.

I suppose. I think when the bank officially ran my credit it was in the 740 range which is above average but nothing spectacular

I had some relatively new lines of credit that were bringing down my score
Posted by GenesChin
The Promise Land
Member since Feb 2012
37709 posts
Posted on 2/11/16 at 2:47 pm to
quote:


I suppose. I think when the bank officially ran my credit it was in the 740 range which is above average but nothing spectacular


By mortgage standards that is about as high as it goes.

PMI is at its lowest at 760
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