FICO Score vs Credit Score - Credit Score for Home Loan
One of the biggest surprises for home buyers and home owners thinking about refinancing is finding out a FICO score vs credit score is greatly different and the credit score for home loan requirements of mortgage lenders are different for mortgage loans.
Time for a tip! Start working on your credit now, and also work on your debt to income ratio. The vast majority of credit scores contain errors and if you want a qualified home loan which offers the best rates and terms you need to meet or exceed the current debt to income ratio requirements
Debt to income ratio requirements
Since the credit score for home loan requirements are different, your credit score could be surprisingly lower…