Credit Scores required for A Kentucky First Time Home Buyer in 2013
Credit Scores required for A Kentucky First Time Home Buyer in 2013 Credit Scores required for A Kentucky First Time Home Buyer in 2013 Have you ever thought what kind of credit score it takes to buy a home in Kentucky in 2013. I have supplied some examples below for Kentucky First Time Home Buyers so they can arm themselves with some knowledge and feel comfortable and confident when they take that step to get pre-approved to buy a Home in Kentucky Interested in understanding how far a credit score can drop with late payments, foreclosure, short sale activity or bankruptcy ? This should give you an idea: 30 days late: 40 – 110 points 90 days late: 70 – 135 points Foreclosure , short sale or deed-in-lieu : 85 – 160 points Bankruptcy : 130 – 240 points To come to these figures, Fair Isaac created two hypothetical consumers, one who starts out with a fair-to-middling score of 680 and the other with a very good one of 780. ( FICO scor...