sangfnsgfsd
Categories: Brett's Mortgage Blog

I Can Now Do This Loan Down To A 580 Credit Score…

Good Morning!

Did you know I can go down to a 580 credit score on FHA now?

Yes I can!

Here are some things you need to know about this program…

· Credit scores between 580 and 599.

· 95% max LTV (5% down payment).

· 33/45 DTI max.

· 12 months cancelled rent checks required.

· No mortgage/rent late payments in the last 12 months.

· 6% seller concessions allowed.

· Borrower must have 2 credit scores with at least 2 trade lines open and active within the last 12 months.

· No derogatory activity in the last 12 months.

If this program fits you – let me know! I’d love to help you out with your home purchase!

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

Brett

Brett Sampson

Recent Posts

How To Buy A House With A Reverse Mortgage…

I’ve written about this before, but we have more and more people passing the age…

5 days ago

Advantages Of Buying A House From A Relative…

I had this situation come up again last week, and I wanted to address it…

7 days ago

You Have To Know This When Buying A House…

One of the most important things you will have to do when you apply for…

2 weeks ago

Free Grant Money Available For Down Payment If You Have One Of These Jobs…

I wanted to remind you that we have a 2% to 5% downpayment and closing…

3 weeks ago

How To Get A Loan With Foster Care Income…

If you receive money from the State or a County sponsored organization for providing foster…

3 weeks ago

How To Pull Cash Out Of Your Rental Property With No Proof Of Income…

Do you have investment property, and would like to pull cash out of your property?…

4 weeks ago