In my opinion yes. I had similar scores when I got my mortgage back in 2000. I got a normal rate of 7.875 (It was the going rate back then). I only put 3% down. And it was a conventional loan. My middle score was around 640.
Wow this is really inspiring info!! I want to start my mortgage process by the end of the year. I still have a few things to clean up on my CRs first though.
BB&T says their required score for a mortgage is a flat 600 FICO score that they pull from Equifax...
You're in like Flynn. Remember though the scores only get you in the door. You still have to worry about debt to income ratios, time on the job, down payment, yada yada yada.
From the myfico website. This is the average current rates for mortages with the associated scores. Keep in mine the points wolverine made need to be inline as well. BTW, I don't believe their numbers.... 30yr FIXED 720-850 6.813% 700-719 7.063% 675-699 7.600% 620-674 8.750% 560-619 9.683% 500-559 10.243%
