Your Credit Score Is Ok – But Still Got Declined? …This Might Be Why.

Hope you had a good weekend!

I see this situation often – so I wanted to revisit the idea of overlay guidelines with you.

 

If you thought your score was good enough to get a loan, but your lender is telling you there is a problem with your trade lines…

 

…you probably got caught in their “overlay guideline trap”.

 

Many lenders have overlay guidelines that they place on files that are more stringent than the basic FHA or Fannie Mae guidelines.

 

I’ve seen overlay guidelines kill many files.

 

Guess what – we don’t have overlay guidelines!

 

If I can get an automated approval – I can get your file closed.

 

…just something I wanted you to be aware of.

 

Have a good week!