What Does My Credit Score Have to Be to Get a Mortgage?

One of the most common questions I get from homebuyers is: What does my credit score have to be to qualify for a mortgage? The short answer is that it varies—but there are some general guidelines that apply across the board. Let’s break it down using Fannie Mae and Freddie Mac guidelines, as well as FHA guidelines, so you can get…

Closing costs  are fees associated with finalizing your mortgage and buying your home. Think of it as the “last step” of the process, and they can cover a variety of expenses. According to  Fannie Mae and Freddie Mac  guidelines, closing costs typically include: 1. Loan-Related Fees Origination Fees: These are fees charged by the lender to process…