Posts Tagged "actual"

What is the actual fico score number you must have in order to qualify for a NINA no doc mortgage?

on Oct 5, 2012 in Stated Income Loans | 5 comments

by Raul Arthuso Question by Amber T: What is the actual fico score number you must have in order to qualify for a NINA no doc mortgage? Is this number calculated by the 3 bureaus added together and then averaged, order the middle number, or is it just dependent on the lender. I have heard several things, but I would like to know what the real deal is in most cases when you have good to excellent credit. Best answer: Answer by robert495713It depends on the LTV and the lender’s guidelines. Usually you can get it with a 720 score, sometimes 700 but again this depends on the LTV. There are programs for lower scores but usually the interest rate is much higher and you’re better off with a different program. What do you think? Answer below! What is the actual fico score number you must have in order to qualify for a NINA no doc...

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