Just learned my FICO score

[Jack_Dawson]

798. How does this compare? I heard even people with scores in the 800s can't get a home loan. How can I get to 800?

:beer:

[Corgigal]

1. very very good

Mine is only 680 and I scored top credit when I purchased the Mazda a few weeks ago. Maybe you can get one for free...

[Jack_Dawson]

4. Awesome!

What's that mean "top credit"?

I'm just glad it was a lot better than my SAT score. :hi:

[Corgigal]

27. What I was told

since I was buying a Mazda and wanted the low interest rate, is that they have a tier level on credit. It uses your Fico score which in turns uses if you pay your bills on time and other factors.

I think your FICO is great but if you want to get a house or even a car, you have to show steady income for at least 6 months.

Good luck and what red state are you considering?

[Jack_Dawson]

32. Texas

:scared:

I was pricing houses in Houston and couldn't believe the difference in what you get vs. what you get in say...San Diego.

[graywarrior]

2. I have a nephew here in Florida who works for a developer/builder and

people with 800 scores applying to buy their homes are being turned down by the banks.

[flamingyouth]

3. That's fine.

You should have no problem. I got a loan with a slightly lower score.

[SKKY]

5. My score is 670 something and I got approved for a loan...

...to buy a new car up to 39K from USAA. I'm also entertaining the though of purchasing a home here shortly. If they're interesting, I'll post the results of that.

[Jack_Dawson]

9. If "who" is interesting?

You said "they're". :beer:

[SKKY]

38. My apologies for not being clear...

...By saying, "If they're interesting...", I was saying, "If the results are interesting." I applied some time ago and got approved, but I"m finding out that things have changed a bit, so I'm interested to see if I would get approved right now again or not.

[Turbineguy]

6. Well what amazed me

was my Son's credit score. It was actually a number. I thought it was a word.

[The Straight Story]

7. Um, mine is about 300 lower and I got a home loan

So you should have no issues :)

[Jack_Dawson]

8. Is your home in a red state?

Seriously...I'm contemplating moving to one. :hi:

[The Straight Story]

10. It was in Ohio

I live in CA now.

[Jack_Dawson]

11. Where in CA?

I heard it's only in the last month that loans are hard to come by.

:beer:

[The Straight Story]

12. Bakersfield (nt)

[sakabatou]

15. Doess it still smell like cows and chemicals?

[The Straight Story]

17. No, but here is a pic from last night (smoke from fire)

[sakabatou]

29. My dad said it did

Papermill and the large meat processing plants...

[opiate69]

14. Really?? Through who, if you don't mind me asking?

Because, I believe mine is somewhere in the low 600s right now, and I desperately want to buy a new house. (We're living in a mobile home that I bought from my brother-in-law for $2500 a few years ago right now.. it's getting too small for us very quickly.. )

[The Straight Story]

18. From:

Broadview Mort age back in Ohio - all I needed to do was clear debts I had on my credit report, and being a first time buyer they got it done.

[opiate69]

19. Interesting..thanks for the info..

Honestly, I've just been too scared, for lack of a better word, to go in and apply.. I know there's been some bad stuff on my credit.. mostly student loans which I have since consolidated, and have been current on for the last 2 year or so... I just haven't been up to facing the whole "I'm sorry, but there's nothing we can do for you" speech again..

[The Straight Story]

20. Naw, they can

If they can get me a loan - a guy who can not even get a gas card - you can :)

[LibraLiz1973]

23. Opiate- try eloan.com

A few years ago they got me a loan when I had a 520 credit score. (I'd gotten in to trouble with some college bills)

[opiate69]

41. I'll give that a shot.. thanks!

[Critters2]

13. That's a great score.

And, if things go as projected, you're going to need a great score to get a loan very soon. You should be fine!

[Momgonepostal]

16. That is a great score

I would think your income level would be a bigger issue than score. If you earn enough, you should get a loan. When my husband and I bought in 2001, our loan guy said he hardly ever saw scores as high as ours...and we were 750-something and about 802. You should be fine, as long as you don't try for too big a loan.

What are you looking at buying?

[Jack_Dawson]

21. I'm Jobless

Have been for about a year. Well...OK a company hired me in April and fired me in May. I own a condo in California and am looking to buy something else. Anywhere. All dressed up and nowhere to go. Thanks for the kudos.

:hi:

[Momgonepostal]

28. We're CA condo owners, too...

in the Central Valley. We've got foreclosures on just about every street, it seems. We'd love to get into something bigger.

Good luck to you!

[SKKY]

42. You're jobless, own a condo in California, and are looking to buy???

I'm thinking of that Cure song here. It goes, "Show me, Show me, Show me how you do that trick."

[Maine-ah]

22. man, mines prolly like 600

and I have a mortgage, with a good rate I may add :)

oh, and I pay less than 700 a month too. Which includes my taxes & insurance.

[Jack_Dawson]

24. Cute baby!

Where do you live? That's a very manageable mortgage. I want to move there.

[Maine-ah]

36. Midcoast Maine.

In fact, we just made National Geographic's top 50

http://www.villagesoup.com//Community/story.cfm?storyid=97876

[Jack_Dawson]

39. I vacationed in Camden

is it near there? :beer:

[Starbucks Anarchist]

25. That's the equivalent of an "A."

820 is the highest, and I've heard 680 is the national average, so you're doing REALLY well. :thumbsup:

[Left Is Write]

26. That is an excellent score. You shouldn't have any problem getting any kind of loan.

[frogcycle]

30. all it does is influence your rate

and if you get the report, you can find what little there is preventing an 850 (perfect)

it is probably lame things like "number of credit cards" and "recent large transactions"

we got ours a few years ago and found we were being hurt by a credit card we had not used in years, because it had a high limit and tripped some alarm that we might be card-shufflers. We went through and got several dormant cards cancelled, and got one department store to remove a comment they had put erroneously, intended for someone else. We moved it from something like 780 to 830.

There are plenty of info sources out there to spell out how to fix it. here's one: www.myfico.com But everyone is correct - that's plenty high.

[ProudToBeBlueInRhody]

31. 798 is pretty damn good

I was worried about my 717 when trying to get a car loan and the dealer laughed at me like I was crazy.

[Jack_Dawson]

34. Laughed at you as in...

717 sucks or 717 is off the charts good?

[ProudToBeBlueInRhody]

35. It was good (n/m)

[DU GrovelBot]

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[SPKrazy]

37. ##GROVELBOT KNOWS YOUR FICO SCORE##

now he wants you to give 'til it hurts

even if you have to get a loan to do it


:rofl:

[Scooter24]

40. Last year when I checked mine, my score was floating around 805...

and when I went shopping for a house the bank approved me for a $2m home loan. Only needed $500,000 over 10y, but it was nice to know that I had the bank's confidence. You're score is extremely good and far above the national average.

[Jack_Dawson]

43. Dude...

You da man! I won't be approved for any $2M home loans anytime soon...but I do aspire to someday. Nice work! :toast: