Investor lenders use the middle of three bureau scores (tri-merge). Pricing tiers usually break at 680 / 700 / 720 / 740 / 760+. Below 680, expect rate adjustments of +0.5–1.5% or an LTV cap.
Underwriting
Credit Score (FICO)
A 300–850 score used to price consumer and investor loans; investor programs typically want 680+ for best pricing.
More in Underwriting
- Tri-Merge Credit Report— A single report combining Equifax, Experian, and TransUnion — the lender uses the middle s…
- Reserves— Liquid post-close funds a lender requires you to keep in the bank, measured in months of P…
- PITI— Principal + Interest + property Taxes + Insurance — the four components of a full monthly …
- Gross Rent— Total rental income before any expenses or vacancy adjustments.
- Market Rent— The rent a property would command if leased today, established by an appraiser using recen…
- T-12 (Trailing Twelve Months)— The property's actual income and expenses over the last 12 months — the primary underwriti…