650 fico 250000 what to expect?

Mandy, in today's market you need at least a 620 score with more investors moving to a 640 minimum score. So, yes, a 650 score will qualify.However some questions your lender will want to ask is, why is the score at 650? Do you have a bankruptcy? How long ago? Do you have any unsatisfied judgments? Do you have recent late payments? You see, all of these things can affect your qualification, not just the score.An FHA loan usually needs 3.5% down. But there are always exceptions. First time buyers (those that haven't owned a home in the last 3 years) have no money down options. Government grants may be available to pay your down. Several other no down options may be available depending upon where the home is located and if you are a veteran. I can help you explore many different options that others may miss. Ron PippinBank of Utah801-409-5191801-628-7667

Hi Mandy,Based on your credit score, yes you would qualify for an FHA loan. The downpayment is 3.5%. I hope this helps. If you have any further questions just email me directly.Best,Kelly

Hi Mandy, Yes your fico score qualifies you for an FHA mortgage. The loan amount is based on where you plan on buying. If you are looking in the Las Vegas area then the answer is yes also. If you would like to discuss your situation in detail, please call me 702-696-9900 or email me directly vatche@valleywestmortgage.com