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Originally Posted by Headless
Is 620 the benchmark fico wise when getting a fixed 30yr mort loan?
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620 is the usual limit set by conventional lenders, 580+ for FHA but more factors play into like LTV and so forth. Alot of people go FHA as they allow onlly 3% downpayment, use FHA money for 1-2 years then flip conventional which offers alot more different loan programs, instead of FHA's usual 1 year arm and 15 and 30 fix.