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Fannie Mae increased their rates for people with better credit and FHA lowered their mortgage insurance premium. How does this A credit score of 720 or higher is generally the benchmark for a well-qualified buyer. This score level indicates a consistent record of

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Generally, the term refers to an individual with a Tier 1 credit score. For one to qualify, one must have a good credit score of not less than 720. If you have 600 credit score this is how you buy a car.

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A low credit score doesn't need to stop you from buying a home. That's where the FHA mortgage steps in. It's a home loan geared Means the buyer satisfies the particular criteria the lender is using for that rate, such as a credit score of 740 or above.

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