Min. FICO score for 100% Financing??? - Posted by Shante

Posted by Mike (Seattle WA) on August 09, 2005 at 18:04:25:

That doesn’t use credit? Hard to buy a house w/o credit. Are you just Sub2ing your properties then or are they really cheap cash deals? Or are am I missing something basic :slight_smile:

Min. FICO score for 100% Financing??? - Posted by Shante

Posted by Shante on August 09, 2005 at 12:49:28:

Does anyone know what the min. FICO score most lenders look for when approving 100% Financing on a mortage loan??? I dont know if it matters but I am in the state of Georgia…

Re: Min. FICO score for 100% Financing??? - Posted by angela property manager

Posted by angela property manager on August 14, 2005 at 17:22:06:

hello, minimum fico score with any lender for 100% financing is in the area of 560-580, it does not matter what state your in, my company does financing in all 52 states

Re: Min. FICO score for 100% Financing??? - Posted by Mike (Seattle WA)

Posted by Mike (Seattle WA) on August 09, 2005 at 14:33:02:

Why do you need 100% financing?

Re: Min. FICO score for 100% Financing??? - Posted by wes

Posted by wes on August 09, 2005 at 13:44:28:

Owner Occupied (O/O)property or
Non Owner occupied (N/O/O) investment???

For O/O, 580 for Full Documentation

For N/O/O, 680 Full Doc (possibly 660 with one or two lenders)

Re: Min. FICO score for 100% Financing??? - Posted by Shante

Posted by Shante on August 09, 2005 at 16:14:20:

I was having a talk with another creative investor who like myself doesnt use credit and so fourth… We were wondering what is the min score lenders usually look for?

Re: Min. FICO score for 100% Financing??? - Posted by Shante

Posted by Shante on August 09, 2005 at 16:17:28:

Thanks