# Home Buyers Chime In.
**URL:** https://forums.speedlife.net/t/home-buyers-chime-in/46436
**Category:** NYSpeed Off Topic
**Created:** [April 8, 2008, 11:43am UTC](https://forums.speedlife.net/t/home-buyers-chime-in/46436 "2008-04-08T11:43:04Z")
**Posts on this page:** 20
**Page:** 1
### Author:  [@StrokedZ28](https://forums.speedlife.net/u/StrokedZ28)
#### Post date: [April 8, 2008, 11:43am UTC](https://forums.speedlife.net/t/home-buyers-chime-in/46436/1 "2008-04-08T11:43:04Z")
Well my wife and I will be looking into a house soon and I was wondering from those who recently got mortgages how your credit score affected it.
My wife and I both have scores in the upper 700’s. I have been told that that type of score is very good and average if not below.
From those of you who recently bought a house, where would an upper 700 score leave me when trying to buy a home? With the mortgage crisis I’m afraid of being turned down or getting an awful rate.
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### Author:  [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)
#### Post date: [April 8, 2008, 11:50am UTC](https://forums.speedlife.net/t/home-buyers-chime-in/46436/2 "2008-04-08T11:50:15Z")
Upper 700’s is still very good.
Mine is/was 820.😃
I still hear commercials that say 600s are good!!!:bloated:
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### Author:  [@StrokedZ28](https://forums.speedlife.net/u/StrokedZ28)
#### Post date: [April 8, 2008, 12:00pm UTC](https://forums.speedlife.net/t/home-buyers-chime-in/46436/3 "2008-04-08T12:00:23Z")
> [@AWDrifter](#):
>
> Upper 700’s is still very good.
> Mine is/was 820.😃
>
> I still hear commercials that say 600s are good!!!:bloated:
Thats what I’m saying, the scores range from 501 to 99X, and yet I hear that 600’s are good and then I hear that being below 800 is bad?!
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### Author:  [@Jagermeister](https://forums.speedlife.net/u/Jagermeister)
#### Post date: [April 8, 2008, 12:02pm UTC](https://forums.speedlife.net/t/home-buyers-chime-in/46436/4 "2008-04-08T12:02:30Z")
You are fine in the 700’s.
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### Author:  [@Viper966](https://forums.speedlife.net/u/Viper966)
#### Post date: [April 8, 2008, 12:10pm UTC](https://forums.speedlife.net/t/home-buyers-chime-in/46436/5 "2008-04-08T12:10:28Z")
anything over 720 will qualify you for the best rates…
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### Author:  [@Daddie](https://forums.speedlife.net/u/Daddie)
#### Post date: [April 8, 2008, 12:15pm UTC](https://forums.speedlife.net/t/home-buyers-chime-in/46436/6 "2008-04-08T12:15:15Z")
You can qualify for a lot of good stuff as long as you fit a certain criteria
Usually 680+ FICO, income combined less than 75K, will net you a nice loan rate, as long as you have 20%
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### Author:  [@Daddie](https://forums.speedlife.net/u/Daddie)
#### Post date: [April 8, 2008, 12:15pm UTC](https://forums.speedlife.net/t/home-buyers-chime-in/46436/7 "2008-04-08T12:15:32Z")
> [@Viper966](#):
>
> anything over 720 will qualify you for the best rates…
740 now, actually
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### Author:  [@chino](https://forums.speedlife.net/u/chino)
#### Post date: [April 8, 2008, 12:17pm UTC](https://forums.speedlife.net/t/home-buyers-chime-in/46436/8 "2008-04-08T12:17:29Z")
you’ll be fine.
my score sucked at the time i applied and i got the best rates, I was at like 710 in October when i applied for mine.
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### Author:  [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)
#### Post date: [April 8, 2008, 12:39pm UTC](https://forums.speedlife.net/t/home-buyers-chime-in/46436/9 "2008-04-08T12:39:03Z")
> [@StrokedZ28](#):
>
> Thats what I’m saying, the scores range from 501 to 99X, and yet I hear that 600’s are good and then I hear that being below 800 is bad?!
I think 840 is the top score.
Anyone?
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### Author:  [@ryanmcell](https://forums.speedlife.net/u/ryanmcell)
#### Post date: [April 8, 2008, 12:43pm UTC](https://forums.speedlife.net/t/home-buyers-chime-in/46436/10 "2008-04-08T12:43:03Z")
> [@AWDrifter](#):
>
> I think 840 is the top score.
>
> Anyone?
FICO highest is 850 according to what I’ve seen/read.
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### Author:  [@Daddie](https://forums.speedlife.net/u/Daddie)
#### Post date: [April 8, 2008, 12:44pm UTC](https://forums.speedlife.net/t/home-buyers-chime-in/46436/11 "2008-04-08T12:44:10Z")
> [@AWDrifter](#):
>
> I think 840 is the top score.
>
> Anyone?
> **[Understanding Your Credit Score](https://www.mortgagenewsdaily.com/news/2212005-understanding-your-credit-score)**
>
> Knowing your credit score and how it is calculated is increasingly important when going for that big loan.
look like 850
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### Author:  [@theblue](https://forums.speedlife.net/u/theblue)
#### Post date: [April 8, 2008, 12:47pm UTC](https://forums.speedlife.net/t/home-buyers-chime-in/46436/12 "2008-04-08T12:47:59Z")
your credit score is fine and won’t even slightly be a barrier… the only other thing you have to measure up against is your combined income vs. debts. I’ve met people who make $7 an hour bragging about having an 800 credit score acting like they can go buy some mansion due to good credit… I’d rather make $40 an hour and have a 500 credit score.
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### Author:  [@chino](https://forums.speedlife.net/u/chino)
#### Post date: [April 8, 2008, 12:53pm UTC](https://forums.speedlife.net/t/home-buyers-chime-in/46436/13 "2008-04-08T12:53:34Z")
one question - how has nikuk not sploooooged all over this thread yet?!
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### Author:  [@jay\_g](https://forums.speedlife.net/u/jay_g)
#### Post date: [April 8, 2008, 1:30pm UTC](https://forums.speedlife.net/t/home-buyers-chime-in/46436/14 "2008-04-08T13:30:45Z")
720 is the new 680
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### Author:  [@Blue\_Eyed\_Devil](https://forums.speedlife.net/u/Blue_Eyed_Devil)
#### Post date: [April 8, 2008, 1:35pm UTC](https://forums.speedlife.net/t/home-buyers-chime-in/46436/15 "2008-04-08T13:35:42Z")
> [@theblue](#):
>
> your credit score is fine and won’t even slightly be a barrier… the only other thing you have to measure up against is your combined income vs. debts. I’ve met people who make $7 an hour bragging about having an 800 credit score acting like they can go buy some mansion due to good credit… I’d rather make $40 an hour and have a 500 credit score.
Yeah, it is really about living within your means more than just your pay.
My old mortgage was $650/month and my pay is muuuch higher than when I got the mortgage so it looks really good.
My new mortgage probably crushed my credit score.:lol:
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### Author:  [@Nikuk](https://forums.speedlife.net/u/Nikuk)
#### Post date: [April 8, 2008, 1:38pm UTC](https://forums.speedlife.net/t/home-buyers-chime-in/46436/16 "2008-04-08T13:38:50Z")
> [@chino](#):
>
> one question - how has nikuk not sploooooged all over this thread yet?!
Other shit to do…
Besides, this has been discussed many, many times. And the only changes have already been posted.
😃
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### Author:  [@Fry](https://forums.speedlife.net/u/Fry)
#### Post date: [April 8, 2008, 1:48pm UTC](https://forums.speedlife.net/t/home-buyers-chime-in/46436/17 "2008-04-08T13:48:23Z")
1. You’re fine. You’ll get a great rate.
2. PM Nikuk for anymore information.
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### Author:  [@StrokedZ28](https://forums.speedlife.net/u/StrokedZ28)
#### Post date: [April 8, 2008, 1:51pm UTC](https://forums.speedlife.net/t/home-buyers-chime-in/46436/18 "2008-04-08T13:51:10Z")
Why Nikuk? What does he do?
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### Author:  [@JustinH](https://forums.speedlife.net/u/JustinH)
#### Post date: [April 8, 2008, 1:58pm UTC](https://forums.speedlife.net/t/home-buyers-chime-in/46436/19 "2008-04-08T13:58:04Z")
PM me, the guy I’m working with at M&T bank is a real pro, real honest no bullshit either.
They have a bunch of real good loan programs, he will ask you questions and suggest the right loan for you.
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### Author:  [@theblue](https://forums.speedlife.net/u/theblue)
#### Post date: [April 8, 2008, 2:05pm UTC](https://forums.speedlife.net/t/home-buyers-chime-in/46436/20 "2008-04-08T14:05:15Z")
they all bullshit, it’s how they make money… the secret is to know when they’re bullshitting you. if you don’t think they are then chances are you’re missing it.
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