Credit score and Seller " paying " Down Payent questions please ....

[Michael Dunn]

Good Afternoon, Just a few questions I have please.....

1. I just got  my credit score report in the mail , and my mid score is a 669 ( round it to 670 ).

Is this a high enough score, to qualify for the 5% down payment conventional loan ?

And with the lower the score ..... the higher your interest rate will be correct ?

2. I have read, that you can get the cost for the down payment ( 5% down in my case ) , " payed for "  / rolled into the loan from a family member , as a Gift ?

Would this work, even if the person selling me the house is a family member ?

Thanks for the help,

really appreciate it