Compare
your total score to the chart below. It shows how much home may be in
your price range along with a typical down payment.
Regardless of how you scored, you can apply for the mortgage or refinancing
amount you have in mind. That's because our lending officers always
try to find ways to approve loan requests, not look for reasons why
they can't.
HOME
BUYABILITY CHART
If
Your Test Score is...
14
to 17 points: Typical Down Payment 10% on a mortgage of less than
$60,000.
18
to 20 points: Typical Down Payment 10% on a mortgage $60,001 to
$80,000.
21
to 24 points: Typical Down Payment 15% on a mortgage $80,001 to
$100,000.
25
to 28 points: Typical Down Payment 20% on a mortgage $100,001 to
$125,000.
29
to 31 points: Typical Down Payment 25% on a mortgage $125,001 to
$150,000.
14
to 17 points: Typical Down Payment 25% on a mortgage $150,001 to
$175,000.
Over
17 points: Typical Down Payment 25% on a mortgage over $200,000.
