The English prefixes syn-along with its variant sym-, derived from Greek, mean âtogether.â You can remember syn-easily by thinking of synonym, which is a word that goes âtogetherâ with another word because it has a similar meaning. You can remember sym-by thinking of symphony, which is a group of instruments making sound âtogether.â
Conventional construction loans usually require credit scores of at least 680, usually 720 plus. And, any loan where you put less than a 20% down payment will require that you pay mortgage insurance. An FHA construction loan sounds like it would work well for you. There are few lenders that do those loans, but my lenders does.
A high score shows lenders that you are more likely to pay the loan back. A poor credit score is a big red flag to almost all lenders. What Kind of Score You Need. To get âconventionalâ rates on auto loans, an individual usually needs a credit score above 660. Anything less, and lenders will start to look at your loan application with a bit of skepticism.