Buyer Help
Tagged as:
FHA,
FICO score
The minimum FICO credit score needed to qualify for a mortgage changes frequently. As of February 2011, the general answer is … buyers need a FICO credit score of about 640 to qualify for a home mortgage. BUT… there are exceptions. Bottom line: if you have a score under 640 you might still qualify for [...]
8 February 2011
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Buyer Help
Tagged as:
Down Payment Assistance,
From the Trenches
Although most of the low-down and no-down payment purchase programs are long gone with the financial crash of 2008, we do have 1 lender who has 1 loan program that’s a 1% cash down payment program. Here’s an example of a recent client of mine who used this program. Home purchase price – $85,500 Seller [...]
7 January 2011
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