Sentences with phrase «considered by most lenders»
A credit score below 600 is considered by most lenders as a bad credit rating.
http://www.creditcardeducation.com/ Not exact matches
Credit cards and other outstanding debts is the second most important factor considered when determining your FICO score — the most widely used credit score by lenders.
Most lenders will require that 3 years have gone by since the discharge before even considering granting you a loan.
By and large, most lenders will consider short sale offers.
Any late mortgage payments within the past 36 months on the existing USDA loan, with emphasis on the most recent 12 month period, must be analyzed and addressed by the lender to determine if any late payments were a disregard for financial obligations, an inability to manage debt, or factors beyond the control of the borrower when considering the underwriting decision.
Answer: A credit score is considered «good» by most lenders when it falls in the range of 640 - 719 on the 850 - point scale used by FICO.
Eligibility varies depending on the lender, but common criteria considered by most private student loan lenders include income, credit score, debt - to - income ratio, and whether or not you'll have a cosigner.
LTV is the value of existing debts divided by a home's market value and while it is the most important deciding factor, some lenders study credit history and consider income.
He had a credit score over 800, which is considered excellent by most lenders.
A 720 FICO ® Credit Score or higher is considered an excellent credit score by most lenders.
Unlike most of other loans, bad credit status of borrowers is not considered as the basis discrimination by lenders.
The underwriting requirements are considered both strong and reasonable, and, maybe most important, homes that wouldn't be eligible for loans by conventional lenders are often eligible under the federal program.
The 203k program criteria and documentation process is considered too labor intensive by most lenders, and contractors and realtors complain about the process slowing down their transactions and closing times.