TRY EASY MLS SEARCH ©          HOME          CLUB MEMBERSHIPS          VIRTUAL TOURS          NEWSLETTER          ABOUT ME          CONTACT ME

Pinehurst Real Estate
Dale Heck
Sandhills Luxury Homes
910-528-4652

gopinehurst@gmail.com
WELCOME
Pinehurst Real Estate
Pinehurst Real Estate
Pinehurst Real Estate
Pinehurst Real Estate
Pinehurst Real Estate
Pinehurst Real Estate
Pinehurst Real Estate
Pinehurst Real Estate
Pinehurst Real Estate
Pinehurst Real Estate
Pinehurst Real Estate
Pinehurst Real Estate
Pinehurst Real Estate
Pinehurst Real Estate
Pinehurst Real Estate
Pinehurst Real Estate
HOME BUYERS
Pinehurst Real Estate
Buyer Closing Costs
Pinehurst Real Estate
Mortgage Approval
Pinehurst Real Estate
Mortgage Calculators
HOME SELLERS
Pinehurst Real Estate
Seller Closing Costs
Pinehurst Real Estate
Home Selling Advice
RELOCATION REAL ESTATE AGENTS
Pinehurst Real Estate
Atlanta Real Estate
Pinehurst Real Estate
Naples Condos
 



Credit Grades

 

 

Mortgage companies often grade your loan based on certain credit-related items such as payment history, amount of debt payments, bankruptcies, equity position, and your credit score. Below is a guide to help you estimate your credit grade. This is only a guide as many companies have exceptions that may result in more strict or more lenient guidelines. We have town homes in golf communities.

A General Guide to Credit Grades

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-

670+ 660

To 55%

To 107%

Mortgage
Installment/
Revolving

0
0 - 1
0 - 1

-
30
60

24 mo
12 to 24 months

Good/excellent credit during last 2 to 5 years. No bankruptcy within the last 2 to 10 years.

B+ to B-

620

55

95 - 100

Mortgage
Installment/
Revolving

2 - 3
2 - 4
0 - 2

30
30
30

12 mo
12 mo
12 mo

No 60-day mortgage lates. 24 - 48 months since bankrupt discharge. Higher number of rolling lates may be allowed.

C+ to C-

580

55

100

Mortgage
Installment/
Revolving

3 - 4
0 - 2
4 - 6
2 - 4

30
60
30
60

12 mo
12 mo
12 mo
12 mo

12 - 24 months since bankrupt discharge. High "rolling" lates allowable.

D+ to D-

550

50

85 - 95

Mortgage
Installment/
Revolving

2 - 6
1 - 2

60
60

12 mo
12 mo

Bankruptcy discharge within last 12 months. Judgments to be paid w/ loan proceeds. Not in foreclosure.

 

 

Poor payment record with limited 90 day, isolated 120 day

E

520-

50

80-90

Mortgage
Installment/
Revolving

Poor payment record with a pattern of 30, 60, and 90+ lates

Possible current bankruptcy, foreclosure Stable current employment


The figures shown here are estimates. When trying to figure your credit grade, keep in mind the following principles:

*       Other Things Being Equal
When your have bad credit, all of the other aspects of the loan need to be in order. Equity, stability, income, documentation and assets play a larger role in the approval decision.

*       Worst Case Scenario
When determining your grade, various combinations are allowed, but the worst case will push your grade to a lower credit guide. Late mortgage payments and bankruptcies are the most important.

*       Going Once, Going Twice
Credit patterns are very important. A high number of recent inquiries and more than a few outstanding loans may signal a problem. A "willingness to pay" is important, thus late payments in the same time period is better than random late payments as they signal an effort to pay even after falling behind. Homes for sale in
Pinehurst NC.

 

This site was developed to provide information on Pinehurst real estate including Pinehurst Golf
and Waterfront homes, Pinehurst condos, and Pinehurst and Southern Pines Commercial real estate. 
Please feel free to visit any of our sites for additional information. 

Please visit our other area Real Estate websites:

Pinehurst Homes For Sale  |  NC Horse Farms  |  Pinehurst Homes  |  Pinehurst NC Real Estate  |  Fort Bragg Real Estate  |  Pinehurst Real Estate

 




Best Services in Pinehurst

Pinehurst Real Estate

Go with a Pro

Pinehurst Real Estate
Buy a Golf Home From a golfer that knows the ins and outs of all of the golf communities.

Community Profiles

Pinehurst Real Estate


Pinehurst NC Sites