Vantage Mortgage Corporation

CREDIT SCORING MATRIX*
S C O R E	C O M M E N T S
800 and up	Awarded Key to the Bank!
700 thru 799	Special Loan Programs available: "No Income Verification" "No Ratio" "Stated Income" "Special Rate Programs" etc.
670 thru 699	"Stretch Ratio's" allowed "Stray" Lates Ignored Zero Down Payment Programs Beginning of "Investor" programs
640 thru 699	"Best" lenders starting point for Fannie Mae and Freddie Mac Loans.
620 thru 639	Fannie Mae "Normal" category
600 thru 620	Fannie Mae "Exception" category
585 thru 640	FHA/VA "Normal" category
Below 585	FHA/VA "Exception" category OR High Rate/Down Payment
Below 550	"Non-Fannie/Freddie Money" Higher Down Payments and Higher Rates

*These score guidelines are not absolutes, and are intended to give the borrower a reference point when reviewing their personal scores. Other factors are also considered when underwriting loans. Please be advised that credit guidelines are subject to change without notice.