My mortgage company didn’t even look at my credit score once they saw my savings and income, which were REALLY not that much, just OK. But apparently good enough. So, I think credit score is only one thing they look at, and other positive things can outweigh a negative score.
What were your savings, if you don’t mind? I managed to get a house priced at 274k this year with only 20k saved, but a really good credit score, and about 100k income between me and my partner.
I don’t remember exactly, but it was probably not far off 20k saved with more like 50k income. House price was quite a bit lower than that, no equity from any previous homes owned.
My mortgage company didn’t even look at my credit score once they saw my savings and income, which were REALLY not that much, just OK. But apparently good enough. So, I think credit score is only one thing they look at, and other positive things can outweigh a negative score.
What were your savings, if you don’t mind? I managed to get a house priced at 274k this year with only 20k saved, but a really good credit score, and about 100k income between me and my partner.
I don’t remember exactly, but it was probably not far off 20k saved with more like 50k income. House price was quite a bit lower than that, no equity from any previous homes owned.