Stricter credit score req when you go into 7th mortgage? question

[Kuriakos Mellos]

Hi everyone,

I am preparing to scale up and try and secure one or two more investment properties this year.  My current lender, which has been awesome to work with, told me that credit scores need to be above 720 from the 7th mortgage on ward to secure conventional loans. (I am sitting at like a 718 right now - super annoying!)  Last year as I was trying to shop around I did get dinged for a lot of inquiries, but it was only to other mortgage companies and credit unions. I will pay down the minimal credit card debt I have but was wondering if that is mandated by lenders, or if credit unions or other sources of lending don't need that score.

Thanks everyone!

K-Man