Your plan
Everything from the last three steps, on one page you can keep.
From step 1: score about 655, $400,000 home, 5% down. Change
When do you plan to apply?
Your plan$400,000 home, 5% down
- Where you stand
- About 655, in the 640–659 tier, 5 points from the next one. Your lender will use the middle of your three scores.
- Your target
- 680: about $149 a month less on your example, or about $117 a month plus $1,900 less up front, depending on how your lender prices it. Estimated at 7.33% at 655 and 7.20% at 680 (example interest rates for these tiers, not an APR or a quote).
- What to know now
- Choose when you plan to apply, above.
- Ask your loan officer
- Which scoring model and which credit report will you use for my mortgage?
- Is there anything on my report that could be updated or corrected before I apply, and can you request a Score Express rescore?
- Can you price both FHA and conventional for me?
Estimates for your example, not a rate quote or a decision about your loan. You can use any lender.