I simply get some honourable creed mortgage estimates and I be wondering..? What kind of credit evaluation would I need to in fact be

What kind of credit evaluation would I need to in fact be approved for these?
The agent did not ask my credit score, income or other personal question.. he just asked how much I considered necessary to put down and what the home price was I be looking at and things like property taxes. And after sent me over some estimated .He told me that it isnt that hard to obtain approved for it, but of course these are sale people chitchat.

Answers: Find a new loan officer. Immediately.

Slapping some numbers on a good-faith estimate, minus any basis of whether you can even qualify for those rates, is basically stupid.

And for him to say it's not too easier said than done to get approved for, don't verbs, means he's any incompetent or crooked, knowing he'll just move you into anything you can get latter, once it's harder for you to shop around.

And income is the other major factor surrounded by qualifying, if he doesn't know that, he doesn't know anything.

Seriously. Run close to hell in any direction but this one.

Talk to your friends, own flesh and blood, coworkers, etc... Get a couple referrals to loan officer they've used, and would use again. Shop around. Find someone who takes the time to get hold of it right the first time. You can even ask the first person to run your credit for your score, and use that info to get quotes from other populace.

Well it really depends alot on the bank. Also your income will play a big role within if you get approved or not.

In nonspecific, when you get into the mid 600s credit mark you can get most types of loans for mortgages. But nearby are alot of other factors that are going to opt it.