Good Morning!
I can't believe it's already into July! I hope you are having a good summer.
I wanted to give you a quick update on something - if you are shopping for a home and your credit score is between 620 and 660 (and you need a mortgage) FHA is a poor choice right now.
Pricing on FHA in this score range is still out of whack, and you would be better off going with a Conventional mortgage.
Hopefully, the market will continue to get better on FHA and come back to where it was before, but we aren't there yet.
That's it for today!
Thanks for reading!
Brett
I can't believe it's already into July! I hope you are having a good summer.
I wanted to give you a quick update on something - if you are shopping for a home and your credit score is between 620 and 660 (and you need a mortgage) FHA is a poor choice right now.
Pricing on FHA in this score range is still out of whack, and you would be better off going with a Conventional mortgage.
Hopefully, the market will continue to get better on FHA and come back to where it was before, but we aren't there yet.
That's it for today!
Thanks for reading!
Brett
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