Homepath mortgage qualifications for credit

Too much info is missing to be able to say for sure, but HomePath is a conventional loan product, and most lenders favor 660 or above credit scores.. that being said, there are lenders who will go as low as 620 for HomePath, however the pricing hits for low score will make the loan very expensive.. assuming you meet all other eligibility qualifications, a 683 score is good and would be acceptable to obtain decent loan pricing.. .. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres 480-287-5714 WilliamAcres.com

683 is absolutely fine. Generally we can down to 620. Most likely, we will need her income so she will have to be on the loan. Give me a call at 847-737-4749 when you have a few seconds....Richard Lurie, The Mortgage Marketplace

I do the HomePath loans and there is a lot that goes into qualifying, more then just a credit score. Please give me a call and we can go top to bottom on if you qualify.

There are a number of different factors that will be taken into consideration to determine if you qualify on top of just your credit score. The best thing to do is contact a loan officer directly, so they can determine if you qualify or not.

Assuming the scores referenced are your mortgage FICO mid-scores, you would be eligible based on minimum credit score requirements. This still does not guarantee that you will be approved as we are long past the days when score alone would determine your approval. Speak with a qualified mortgage professional who can provide proper guidance through the entire home loan process no matter which loan program you opt for. Good luck on the home buying process.

Both credit scores are within the range of qualifying. I have worked some Homepath loans and I can tell you Homepath, among others will look at more than the score. The total debt versus income. Sounds like your wife would be fine but the best thing for you to do would be to seek out a lender near you from the approved list of lenders on the Homepath website. You may want to contact a few in your area. I would not allow them to run your credit again. Multiple hits to your credit can quickly reduce your score. The Homepath homes I have worked with go very fast so don't wait. Get in there and choose a lender to get the home your interested in before it is gone!