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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

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