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What do banks consider to be a good credit score?

 
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Vote:
Asked by
anonymous


I am going to apply for a mortgage but my credit is poor. I wanted to know if I have a chance of approval if I have a big down payment and a good paying job?
63     In Credit Cont.04

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    Level 5 - Scholar
    mortgagepro
    1 Friend, 0 Followers

    "Credit score of 680 and above is considered to be a good credit and..."



    When applying for a mortgage at the bank, a credit score of 680 and above is considered to be a good credit and you shall have no problems to get approved if your employment verification was successful and you have a minimum of 5% down payment.

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    Level 1 - Contributor
    Mortgage_Rus
    0 Friends, 2 Followers

    "Would need to know your credit score..."



    If by big you mean 20% then you have a chance. Would need to know your credit score, income, and price of the home to give you a better answer.

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    Anonymous

    "Banks will not consider your credit score or normal eligibility..."



    If you have a bad credit score but a large amount of liquid assets (cash, mutual funds, liquid stocks) then you do have an option. Banks will not consider your credit score or normal eligibility requirements if you have a 50% down payment, because the value of the assets securing the loan is double the amount of the loan.

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    0 0
      

     

    Anonymous

    "Loan from there a week ago without credit check and low interest rate of..."



    I am Allison Williams from Hawaii if you need loan then contact Henry Melvin Global Loan Firm cos I just got a loan from there a week ago without credit check and low interest rate of 4%. Here is the email you can contact them with henrymelvingloballoanfirm@gmail.com

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    Anonymous
    WITH CIBIL SCORE OF 22 CAN I APPLY FOR PERSONAL LOAN

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    Anonymous
    with a cibil rating of 622 where can i get personal loans in chennai

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    Anonymous
    are looking for loan if yes e_mail johnterry@gmail.com

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    0 0
      

     
    Level 2 - Sophomore
    lkorgan3
    0 Friends, 0 Followers

    "Into the states pretty much and almost approve for a double mortage just as..."



    depends on alot of things personal job history, income, previous debts, the bank managers a big one, even if you have an acoount or have had at the same bank for years doesnt mean someone else cant beat it everythings about competion and the previous loan prior before your mortgage and assests something the bank can look at as equity those are good tips. and which ever country you in you can buy a house working at mcdonlalds into the states pretty much and almost approve for a double mortage just as fast as you get your first one where as other countries sometime go through lor can i should say up to like forty banks as credit check to follow up on your previous history but do go bank to bank as a word of advice find out you credit score and than ask cuz the more you pull the worse it gets all the best cheers!!!!!

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