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What makes a home buyer well qualified? It's more than just credit! Income, debt, savings, and more — I break it down fast so you What's a well-qualified buyer? Simply put, a well-qualified buyer is a person who meets the lender's credit criteria for specific offers. Typically, lenders Means the buyer satisfies the particular criteria the lender is using for that rate, such as a credit score of 740 or above.
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What Is A Well Qualified Buyer? In this informative video, we will clarify what it means to be a well-qualified buyer in the context of Fannie Mae increased their rates for people with better credit and FHA lowered their mortgage insurance premium. How does this Generally, the term refers to an individual with a Tier 1 credit score. For one to qualify, one must have a good credit score of not less than 720.
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Excellent Credit Score: Typically, a well-qualified buyer will have an excellent credit score, generally considered to be above 720 or higher. Looking to Sell your home? Get a Free Home Value Report: Looking to buy a
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