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Posted in Mortgage
will a 701 credit score be good enough for a mortgage?
I have a mortgage presently but i am renting the house.the wife and I want to buy a house.will i be approved for a mortgage?
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ncp592

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The "Gold Standard" for Fannie Mae and Freddie Mac is 740 or higher.  You shouldn't have an issue with a 701 credit score, but you may face additional fees from Fannie Mae/Freddie Mac due to the score being below 740.  With an FHA loan you shouldn't see any additional fees.  Hope that helps.

If you are in Ohio and I can be of any assistance, feel free to get in touch with me through my profile.  Good luck.

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OhioMortgageSolutions

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