how good does your credit score has to be to qualify for a kb home in North Carolina? i want to purchase a home with kb in NC but my credit score is low...but my income is good.
Kb homes NC what credit score will get me a mortgage.?
The better score you have the better your loan rate will be.
It%26#039;s not really a matter of what your score is as much as what rate you will get as a result of your score.
They usually look for the three %26quot;C%26#039;s%26quot;...
CASH, CREDIT, COLLATERAL.
You will get a better mortgage depending on how strong these three C%26#039;s are.
You can buy a home with low credit score, but you will be paying more for it over the course of the loan due to your interest rate. DO NOT get an ARM loan (adjustable rate mortgage). This type of loan will change from month to month or year to year depending on the terms you agree to. Stick with standard loans like FHA.
Kb homes NC what credit score will get me a mortgage.?
KB homes isn%26#039;t a lender...it%26#039;s a builder.
You have to ask the lender what their criteria is.
If your score is below 500, you won%26#039;t be able to get a loan anywhere.
Kb homes NC what credit score will get me a mortgage.?
I live in NC and am trying to get a loan. In my experience lenders are telling me that a credit score of about 620 will get me in and that%26#039;s with minimum money down. It will also depend on the price of the home, what you qualify for, if you plan to put money down and how well you pay monthly bills, like car, credit cars, etc... KB Homes are pretty decent builders too by the way.
Kb homes NC what credit score will get me a mortgage.?
income determines everything. credit score is a joke. not reliable.
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