I have some forclosloure properties that I am involved with in a partership. We had a buyer who we pulled CR last week guy had a 620 middle score. This week mortgage company pulls again and he comes up 612 middle score. We could not do a low doc loan unless we were at 620. Anyway here is my question. Relative to mortgage loans I assume the following ( I may be wrong that is why I post here) Credit Scores If I were to rate scores A credit-F credit this is what I think. AA Credit 700 or more score B- B+ Credit 650-699 C Credit-625-650 D Credit 580-600 F- (Subprime) 500-580 Ar emy assumptions correct. Also on a low doc/no income verification loan would the standard be 650 or more? We have a bunch of properties that we are trying to get funding on. I appreciate any ideas or comments as I am trying to understand the best way to get these financed for the buyers. Thanks Rob
