What kind of credit rating do you need to finance 250k home loan.?

200K 300K etc.? Mortgage and interest rates?

What kind of credit rating do you need to finance 250k home loan.?
There are no hard and fast rules, but there is generally no difference between 150k, 200k, 300k, or even 417k. The rules are generally the same all the way from 100k to 417k (the conforming loan limit). You must keep in mind though that it is all based on percentages so there is a big difference between putting 20% down on a 100k purchase and 20% down on a 417k purchase, the same goes for income.





Hope this helps. Let me know if you have other questions!
Reply:There's no rigid threshold score. Your score will play a big part in determining what interest rate lenders will offer.





The amount you can qualify for depends on that, your income, your down payment and other factors.
Reply:really depends on your income.


you can have great credit..and down payment but if you're debt to income is through the roof....then you need to buy a smaller home
Reply:It depends on your interest rate, lender, etc. Every bank is different.