Here's A 100% Loan Down To A 620 Credit Score...

Hello,

There are only two 100% loans in the market place right now...

...VA and USDA.

Here is some information on the USDA product...

USDA will routinely go down to a 620 credit score on purchase loans.

You just have to make sure the property you are looking at is in a USDA qualified area (there are geographic restrictions).

If you're not sure - you can enter the address here and it will tell you if it's in a qualified area...

http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=sfp&NavKey=property@11

There are also household income caps with USDA... You can check to see if your family income qualifies here...

http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=pageLoad&requestInfo=GuaranteedIncomeLimits&NavKey=incomelimit@12


I can tell you that USDA is ok with bad credit - but you can't have recent bad credit. It needs to be around two years old.

If you want to see if you would qualify for USDA - give me a call or shoot me an email, and tell me you're interested in this program.

I hope you have a good day today. Thanks for reading!


Brett