Monday, February 3, 2014

You Have A Credit Score, But Your Co-Borrower Doesn’t?…

brett1 209x300 You Have A Credit Score, But Your Co Borrower Doesnt?...Do you have credit scores, but your co-borrower doesn’t?
Or, is it the other way around? …Do they scores, but you don’t.
Good news! …I have a loan program to meet your needs!
Here are some things to keep in mind with this particular program…
1) At least one borrower on the transaction must have a usable credit score.
2) The transaction must be a Purchase or Rate/Term Refinance.
3) Subject property is a one unit Primary Residence.
4) Borrower with a usable credit score must contribute more than 50% of the total monthly qualifying income.
5) Income from self-employment from any borrower is not permitted.
6) Loan will be priced assuming a minimum 620 credit score.
If you or someone you know is in this situation, and you want to buy a house – give me a call or shoot me an email! I would love to help you!
That’s it for today!
Have a good day! …and thanks for reading.
Brett

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