likelihood i'd qualify for a fannie loan with a 688 fico?

There are other considerations to factor, but having a 688 credit score and 10% down is a GREAT start!

If the score was the only thing lenders looked at, then yes.. you would qualify.. but it's not just the score.. I've had folks with 750 scores get denied.. Income, job, type of work, type of pay, self employed, foreclosure, bk, short sale, etc.. you could have a high credit score and still not get approved if you have one of these deficiencies.. for this reason, I suggest you contact a LOCAL mortgage broker and apply with them. Do not use the local "Big" bank, or one of those 50 states internet lenders or nationwide lenders...By applying with your LOCAL Broker, you have an advantage because he's familiar with local customs and works with numerous lenders, seeking out the best loan terms for your particular scenario. Because he has lower overhead, he can offer you lower rates and lower fees than most of the larger lenders.. 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, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com

Your score and downpayment would be more than enough for a Fannie Mae loan, but there are other considerations such as debt ratio's, type of property you are buying, etc. I'll be happy to walk you through your options! pdumouchel@primelending.com or 843-619-6025 http://pdumouchel.primelending.com **PrimeLending was the #4 purchase mortgage lender in the US in 2012 and 2013 as determined by MarketTrac(c) for Jan-Dec 2012 & 2013

Yes you can qualify for a Fannie loan with a 688 score and meet all other requirements

I agree with all the other comments stated on here.I am a local TN broker. I can be reached @ 615-867-3060. Give me a call to discuss your options.