Archive for the ‘Credit’ Category

What is the minimum credit history length needed to get a home loan?

Tuesday, November 4th, 2008
history
Molly B asked:


If a person has midscore of 640, what is the minimum length of credit history and the minimum open lines of credit needed to get a homeloan with a fair interest rate? Does having a 10% down payment help?
Same job for 5 years, income verification will be used.

Anthony