Good Morning!
I'm excited to tell you that I can now make FHA loans down to a 500 credit score! ...What? ..."Yes!"
This is old school FHA underwriting.
If your score is between 620 and 580 then you would be looking at a 3.5% down payment.
If your score is between 579 and 500 you are looking at a 10% down payment - max 90% LTV financing.
The same basic FHA guidelines apply: No bankruptcies in the last 2 years. No foreclosures in the last 3 years. No short sales in the last 3 years.
I can also do no credit score borrowers on this program as long as they meet the FHA requirements for alternative credit.
If you would like for me to evaluate you to be qualified under this program - please fill out an updated loan application.
Click here to get to the application page:
https://brettsampson1.flexapp1003.com/LoanApp/English/
Thanks for reading! ...and, have a great day!
Brett
No comments:
Post a Comment