I just have to say that there are some sad answers by some loan officers in here about credit scores down to 580.;.... very misleading because many of you just want business or the borrower to call you. Tell the borrower that these are much tougher to do and that rates are much higher when you go below 620 and 600. To tell someone that your rates are good when going down to 580? Come on.. I know the market very well and I know the lenders out there and what can be down on Wall Street, and for what price. This is sick info..
And ps... you do have a minimum... you know who I am talking about.; Because if you knew your giudelines, for a FHA loan with less than a 580, you need 10% down.
Overall... buyer,. if you are still out there and having some issues with these lenders, please contact me. There is a lot to it, that is not being explained below. It can be done, but it's very pricey.
Thanks, jeff 609-440-5133 email@example.com