Comments on: what’s the current minumum fico score for doing a stated home mortgage refinance deal?

By: loan_solutions

loan_solutions — Sat, 22 Nov 2008 07:40:25 +0000

at my brokerage we can currently do 70% LTV with a minimum of a 680 score. i don’t know what that guy was talking about income for, the whole purpose of a stated loan is for people who don’t have enough income. if your score is over 700 however we can go higher on the LTV

By: iceman

iceman — Wed, 19 Nov 2008 05:58:04 +0000

Its not just fico score, they look at income also.

If your income is suffiecent, you fico score can be a little lower, and vice versa.

But in general around 650…

By: danesgirl74

danesgirl74 — Tue, 18 Nov 2008 15:44:04 +0000

I would say 680 to get a conventional loan and that is the only kind of loan you can get with stated income. Keep in mind that you will likely be required to put 20% down payment and another 3-5% for closing costs.