cab a good credit score get me a mortgage?

can a good credit score offer me a good mortgage

Public Comments

1. Yes and with no money down in some instances
2. Yes it can. Lenders look at your credit report very carefully and a good one puts you on their good side. Having a decent income is another plus in combination with the credit report. You will still need to shop around, find the best rate and programs, go to lendingtree.com for more information. For information on buying a home and getting a mortgage, if this is new to you, I suggest you see Suze Orman's books, she discusses the process and gives good tips.
3. yes it can.
4. Credit score is not the only factor when a lender is considering your credit worthiness. They also look at the total loan amount to appraised value or LTV and CLTV, combined loan amount. They also look at your total debt amount to income or DTI. If all these factors are in good order you should have no problem qualifying for the best rates available. You did not state what your credit score is but a "good" credit score is 700 or above. A LOT of people think that having a 650 credit score is good when in fact its only mediocre. If you have any other questions feel free to contact me!!!
5. http://www.homebuyingguide.org/ Yes - check out this guide produced by Fannie Mae.