Tuesday, October 27, 2009

First Time Home Buyers

Did you know that there are programs out there for home buyers that do not have credit scores above a 620? FHA still allows us to fund loans for buyers that have credit scores in the 500's. The most important factor is that the last 12 months worth of credit is clean. You cannot have been over 30 days late on any active credit, such as credit cards, auto loans, student loans within the last 12 months. If you are in a situation like this than you may be eligible to buy a home with little to no down payment.

0 comments:

Post a Comment