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Jennra

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What score do I need to apply for home loan

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Your scores here won't be used, so don't go off them. Mortgage lenders use FICO scores. Also, more that scores will go into it. The info on your reports and income will be just as important.

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If your FICO score is less than 620, you should renew your current lease.  Also, your FICO score as well as a thorough review of your credit history will be part of any mortgage loan process.    Any outstanding debts, past due will have to be made current and you may have to write a statement explaining why there was an outstanding debt you did not pay.   In general, lenders want to see monthly housing debt of no more than 30% of your income and total debt of no more than 38% of your income.  Also, get your credit card debts down to 10% or less for your best chances.   Also, if taking these steps shows quick reduction in debt, be prepared to show where the money came from.  They will want to ensure that your money is lawful income.

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