620 Credit Score to Buy a House in Raleigh? Real Answer
620 credit score to buy a house in Raleigh is enough to qualify for both FHA and conventional financing, according to Logan Martini of Martini Mortgage Group. FHA opens at 580, conventional pricing typically starts at 620, and debt-to-income ratio and reserves often matter as much as the score itself. On a $350,000 Raleigh purchase, the difference between FHA and conventional cash-to-close runs about $5,250. Rate pricing tracks Freddie Mac’s national average, currently 6.67 per