Guide to Credit Score |
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|---|---|---|---|---|---|---|---|---|
| Quality Level |
Credit Score |
Debt Ratio |
Max LTV Ratio | History for Credit Type |
Delinquencies: | Typical Additional Requirements | ||
| # of times | # of days | within last | ||||||
| A+ to A- |
750+ 660 |
28/38 | To 95% | Mortgage | 0 | - | 24 mo | Good/excellent credit during last 2 to 5 years. No bankruptcy within the last 2 to 10 years. |
| Installment/ Revolving |
0 - 1 0 - 1 |
30 60 |
12 to 24 months | |||||
| B+ to B- |
620 | 50 | 75 - 85 | Mortgage | 2 - 3 | 30 | 12 mo | No 60-day mortgage lates. 24 - 48 mos since bankrupt discharge. Higher number of rolling lates may be allowed. |
| Installment/ Revolving |
2 - 4 0 - 2 |
30 30 |
12 mo 12 mo |
|||||
| C+ to C- |
580 | 55 | 75 | Mortgage | 3 - 4 0 - 2 |
30 60 |
12 mo 12 mo |
12 - 24 mos since bankrupt discharge. High "rolling" lates allowable. |
| Installment/ Revolving |
4 - 6 2 - 4 |
30 60 |
12 mo 12 mo |
|||||
| D+ to D- |
550 | 60 | 65-70 | Mortgage | 2 - 6 1 - 2 |
60 60 |
12 mo 12 mo |
Bankruptcy discharge within last 12 months. Judgements to be paid w/ loan proceeds. Not in foreclosure. |
| Installment/ Revolving |
Poor payment record with limited 90 day, isolated 120 day | |||||||
| E | 520- | 65 | 50 - 65 | Mortgage | Poor payment record with a pattern of 30, 60, and 90+ lates | Possible current bankruptcy, foreclosure Stable current employment |
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| Installment/ Revolving |
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