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What Is A Well Qualified Buyer. Is it based on score alone or also how much debt you have? Not a first time buyer or a first time buyer with sufficient credit history.
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It plays a key function in a loan provider’s decision to state “yes” or “no” to your loan or charge card application. Although scoring models from credit bureaus, financing companies and fico® will vary, this will generally include excellent credit ratings ; Not sure about lexus’ tiers, but probably mid to high 700’s, maybe even low 700’s if you’ve got a good finance manager and put money down (i.e.
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Reduce the risk factor for the bank) my score is in the mid 700's and i have about $20k equity in my trade in. Have your salespeople keep in mind that lots of people may be willing to listen to them, but if they can’t buy, or don’t want to buy, they are not worth spending precious time on. I have a score of 730, do you think i would qualify? That being said, it all depends on which credit score they're pulling.