640 is the cut off for best rates loans. I would need 10% down, 3% for closing costs. 2 months reserve. So, on a 60k house we're talking like 8500.00 cash on hand, but he said 10k first....he wants to do it as a second home loan since it's in another state...and we'll be changing jobs. Opinions? Am I progressing right? Oh, also he wants me to fill out an initial application and wants to pull a single CR to see where we're at and if it's good, pull the tri merge----I'll send him my copy of Equifax I think instead of him pulling it. BUT he said he would fax me the app today--and didn't---so I don't know. HELP!