What CREDIT SCORE Do You Need to BUY A HOUSE? – The Credit Shifu

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In this video we look at what credit score you need to buy a house, or more specifically what credit score you need for a mortgage so you can buy a house. We go through all the different types of loans, including FHA loan, VA loan and USDA loan.

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38 comments

The Credit Shifu August 17, 2020 - 7:44 pm Reply
Tony Lopez August 17, 2020 - 11:03 pm

So about that FICO Score, can I use the same provided by my Citi Double cash card in the app? Or is it different for Mortage?

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CastrejonHDTV August 18, 2020 - 12:47 am

Who in the world thinks of trying to get a mortgage if your score is under 700? You gotta be pretty stupid. I would hope most people try to get a mortgage when your score is OVER 760.

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Ray August 18, 2020 - 1:45 am

The home I lived in while I was living in the CA Bay Area, San Jose specifically, was valued at $1.1M. It was 745sqft with two bedrooms 1 bath detached garage. It was nothing nice or unique. The average home in that area were well over $750k and most people are doing cash offers.

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Invest With Ariel August 18, 2020 - 2:10 am

Thanks to you it took me one year of building credit at 19 I just turned 21 and have a 759 credit score !

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Jon C August 18, 2020 - 2:16 am

VA loan is one of the best benefits of service! So easy for me to get my new house. Did I mention I used Ur's to get new roller shades for my house? LOL.

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Maggie Lara August 18, 2020 - 2:28 am

How does it work when you are married when applying for a loan, whose credit score do they use and is it combined incomes ? Thanks

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Jessy Wanders August 18, 2020 - 3:47 am

Certain states also offer a loan for first time home buyers that are low income. They offer up to $8,000 in assistance (depending on the state)!

Reply
Darryn Johnson August 18, 2020 - 4:11 am

Half a year ago, I wasn't all too proud of my credit score, The lack of knowledge combined with making poor decisions definitely made a significant impact to my life. Big thanks to Mr. Andre of creditfixbyandre LLC for helping me to remove damaging reports and helped me to improve my score, I'm on the right path towards my financial independence. Much appreciation and one of the best decisions i've ever made. i recommend you guys to follow him on instagram @andrekharkiv , Text/WhatsApp +1(937)-889-1104

Reply
Darryn Johnson August 18, 2020 - 4:11 am

Half a year ago, I wasn't all too proud of my credit score, The lack of knowledge combined with making poor decisions definitely made a significant impact to my life. Big thanks to Mr. Andre of creditfixbyandre LLC for helping me to remove damaging reports and helped me to improve my score, I'm on the right path towards my financial independence. Much appreciation and one of the best decisions i've ever made. i recommend you guys to follow him on instagram @andrekharkiv , Text/WhatsApp +1(937)-889-1104

Reply
Darryn Johnson August 18, 2020 - 4:11 am

Half a year ago, I wasn't all too proud of my credit score, The lack of knowledge combined with making poor decisions definitely made a significant impact to my life. Big thanks to Mr. Andre of creditfixbyandre LLC for helping me to remove damaging reports and helped me to improve my score, I'm on the right path towards my financial independence. Much appreciation and one of the best decisions i've ever made. i recommend you guys to follow him on instagram @andrekharkiv , Text/WhatsApp +1(937)-889-1104

Reply
Darryn Johnson August 18, 2020 - 4:11 am

Half a year ago, I wasn't all too proud of my credit score, The lack of knowledge combined with making poor decisions definitely made a significant impact to my life. Big thanks to Mr. Andre of creditfixbyandre LLC for helping me to remove damaging reports and helped me to improve my score, I'm on the right path towards my financial independence. Much appreciation and one of the best decisions i've ever made. i recommend you guys to follow him on instagram @andrekharkiv , Text/WhatsApp +1(937)-889-1104

Reply
Crystal Tellez August 18, 2020 - 4:23 am

Fun Fact: Not everything needs to be deleted off your credit report, some items just need updating and correction. With proper dispute techniques , they helped me and my father jump 170 points in 27 days.
Yes during covid-19 results are a bit delayed, but if you allow creditfixbyandre to go 3-6 rounds on your credit after you spent 3-6 years damaging it…..it'll be worth it at the end, you can reach him on instagram @andrekharkiv, for quick help text or whatsapp +19378891104 and thank me later

Reply
Crystal Tellez August 18, 2020 - 4:23 am

Fun Fact: Not everything needs to be deleted off your credit report, some items just need updating and correction. With proper dispute techniques , they helped me and my father jump 170 points in 27 days.
Yes during covid-19 results are a bit delayed, but if you allow creditfixbyandre to go 3-6 rounds on your credit after you spent 3-6 years damaging it…..it'll be worth it at the end, you can reach him on instagram @andrekharkiv, for quick help text or whatsapp +19378891104 and thank me later

Reply
Crystal Tellez August 18, 2020 - 4:23 am

Fun Fact: Not everything needs to be deleted off your credit report, some items just need updating and correction. With proper dispute techniques , they helped me and my father jump 170 points in 27 days.
Yes during covid-19 results are a bit delayed, but if you allow creditfixbyandre to go 3-6 rounds on your credit after you spent 3-6 years damaging it…..it'll be worth it at the end, you can reach him on instagram @andrekharkiv, for quick help text or whatsapp +19378891104 and thank me later

Reply
Crystal Tellez August 18, 2020 - 4:23 am

Fun Fact: Not everything needs to be deleted off your credit report, some items just need updating and correction. With proper dispute techniques , they helped me and my father jump 170 points in 27 days.
Yes during covid-19 results are a bit delayed, but if you allow creditfixbyandre to go 3-6 rounds on your credit after you spent 3-6 years damaging it…..it'll be worth it at the end, you can reach him on instagram @andrekharkiv, for quick help text or whatsapp +19378891104 and thank me later

Reply
Sheila Good August 18, 2020 - 4:38 am

I don't think i can say it enough but CREDITFIXBYANDRE is truly amazing. I have been using them going on a month now and i have seen a significant increase to my score.
Andre is very helpful and always explains where we are in the process. I am so happy i made the choice to work with them, i always recommend him to my friends and family, if you're thinking of building /fixing your credit score, he's the one to go to.
text him on +19378891104 or whatsapp the same number, follow and text on instagram @andrekharkiv

Reply
Sheila Good August 18, 2020 - 4:38 am

I don't think i can say it enough but CREDITFIXBYANDRE is truly amazing. I have been using them going on a month now and i have seen a significant increase to my score.
Andre is very helpful and always explains where we are in the process. I am so happy i made the choice to work with them, i always recommend him to my friends and family, if you're thinking of building /fixing your credit score, he's the one to go to.
text him on +19378891104 or whatsapp the same number, follow and text on instagram @andrekharkiv

Reply
Sheila Good August 18, 2020 - 4:38 am

I don't think i can say it enough but CREDITFIXBYANDRE is truly amazing. I have been using them going on a month now and i have seen a significant increase to my score.
Andre is very helpful and always explains where we are in the process. I am so happy i made the choice to work with them, i always recommend him to my friends and family, if you're thinking of building /fixing your credit score, he's the one to go to.
text him on +19378891104 or whatsapp the same number, follow and text on instagram @andrekharkiv

Reply
Sheila Good August 18, 2020 - 4:38 am

I don't think i can say it enough but CREDITFIXBYANDRE is truly amazing. I have been using them going on a month now and i have seen a significant increase to my score.
Andre is very helpful and always explains where we are in the process. I am so happy i made the choice to work with them, i always recommend him to my friends and family, if you're thinking of building /fixing your credit score, he's the one to go to.
text him on +19378891104 or whatsapp the same number, follow and text on instagram @andrekharkiv

Reply
Fu Lim August 18, 2020 - 5:55 am

Nice video, I heard that you cannot even get rid of the PMI on an FHA loan anymore. I'm under a conventional loan with only 10% down. My PMI will disappear after I own 20% equity.

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lambda August 18, 2020 - 6:00 am

I got a 2.65% conventional with 700 last week.

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Ryan Babbs August 18, 2020 - 6:32 am

This video couldn't have came out at a perfect time as I am looking into getting a USDA loan here in the coming months!

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Rup Sarkar August 18, 2020 - 12:04 pm

Don’t apply for new credit 6 months before applying for a mortgage.

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The Roo Lyfe International Show August 18, 2020 - 7:11 pm

I got a 500 FICO score

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Blitz3O2 August 18, 2020 - 10:50 pm

Bought a house with NO CREDIT

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Daniel Roberts August 19, 2020 - 12:47 am

You provided detail information on every loan right after you jumped through conventional the only thing I learned was 660?!

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Daniel Roberts August 19, 2020 - 12:50 am

And I'm confused if you put over 10% down on an FHA loan you have mortgage insurance until you refinance??

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Mr.Unknown Cali-Life August 19, 2020 - 12:56 am

I have a score of 811 with the age of 27, started when I was 18 , my father put me in some of his cards. Then I got some scores and I got target cards , Wal mart , and att account . Couple years later got a credit card and built up and got more and more but paid them off fast and never let it pass the time . Now I have car payments I paid in 4 years instead of the 5 year loan 60 months so by 2022 I think I should have around 830-850 . Buyen my house next year due to Covid they stopped building house in California some parts in my city .

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MrSuperchargedv8 August 19, 2020 - 1:08 am

Lets say you have a 790 and want to buy a 500k home as a single person. Would I have to be making a certain amount or percentage to even be considered for that loan?

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C W August 19, 2020 - 3:47 am

No VA loan fee if you have a VA disability rating of at least 10%

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Cam C August 19, 2020 - 12:28 pm

It’s pretty interesting how you mentioned rioting/looting/police budgets being slashed, when that has no correlation with buying homes. Also, if you’re gonna mention the protests, y’all about the racism, otherwise keep your mouth shut.

Reply
Leonardo Gonzalez August 19, 2020 - 5:36 pm

It’s very shameful that he decides to say “rioting” instead of “protesting” and saying that “police budget slashes” instead of “defunding the police” which are all due to a racist and discriminatory law enforcement system.

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Jack Hake August 20, 2020 - 4:26 am

Where moved from NYC = Jersey 🙂

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Demise Media August 20, 2020 - 11:59 pm

Great info, thanks! Credit Karma showed that I had a credit score of 750 (Equifax) but when I was approved for an auto loan through Chase they mailed a statement showing my credit score was 786.

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Adia Cascano August 21, 2020 - 2:57 pm

Yep. We moved out of Los Angeles 2 years ago and moved about an hour from Los Angeles to the suburbs and we haven’t looked back!

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Lando CalrisiaN August 24, 2020 - 1:58 am

Credit Karma is always getting the Side-Eye LOL!!

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HomesteadOC August 24, 2020 - 4:46 am

I bought a four-plex using an FHA loan with a 622 FICO in 2012.

Reply