A,B,C Mortgage Credit Guidelines

Discussion in 'Credit Talk' started by anesthesia, May 16, 2002.

  1. anesthesia

    anesthesia Well-Known Member

    I COPIED AND PASTED THIS FROM A MORTGAGE CREDIT WEBSITE. THIS IS ONLY A GUIDELINE CHART ACCORDING TO THE WEBSITE www.mortgage101.com


    A General Guide to Credit Grades

    Credit Debt Max Mortgage Revolve Install
    Score Ratio LTV 30 60 90 30 60 90 30 60 90
    A+ 670 36 95 0 0 0 2 0 0 1 0 0
    A- 660 45 95 1 0 0 3 1 0 2 0 0
    B 620 50 85 2 1 0 4 2 1 3 1 0
    C 580 55 75 4 2 1 6 5 2 5 4 1
    D 550 60 70 5 3 2 8 8 4 7 6 2
    E 520 65 60 6 4 3 10 10 6 10 8 3

    Bankruptcy/Foreclosure
    A+ None Allowed Within 10 years
    A- Minimum 2 Years, Re-Established Credit
    B Minimum 2 Years, Some Lates
    C Minimum 1 Year
    D Discharged
    E Possible Current
     

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