Mortgage loan in Georgia?
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Husband and I want to buy a house in Georgia in the future. husband is in the military. his credit score is currently 600, how many more points does he has to get to get a mortgage loan, for a good rate in Georgia
Mortgage loan in Georgia?The minimum is 620.
Anything less and you will be offered a bad interest rate. You should probably wait and work on achieving a higher credit score before you go after the loan.
Mortgage loan in Georgia?I found a website that explains what is good. It goes down from high numbers to lower numbers and explains what lenders are looking for:
http://www.creditscoring.com/pages/bar.h...
You didn't mention your own credit score. If your score is good or better and you have a steady job history (minimum 2 years in same industry) your loan officer may recommend your being on the application. When my husband and I applied for a house she tried it with both of us and then just him. Since I didn't have steady job history, I was left off the application. So that's something to think about also.
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