That is true for Fannie Mae. …However, it’s not necessarily true for Freddie Mac.
If we can get an automated approval with Freddie Mac with a credit score under 620 – we can do the loan!
Keep in mind you won’t be able to get mortgage insurance on a Conventional loan with a score under 620, so the loan to value ratio would have to be 80% or less.
So, if your credit score is in the high 5’s or low 6’s, and you want a Conventional loan – give me a call or shoot me an email. …maybe we can help you out!
That’s it for today!
Have a good day today! …and thanks for reading.
Brett
If you are thinking about buying a house, but you aren’t really sure if it’s…
Here is a breakdown of the maximum seller help amounts by loan program… Program: Conventional…
Your property tax bill usually comes out in late November, or early December. There are…
If you want to acquire rental properties, but you are having issues proving your income…
If you receive money from the State or a County sponsored organization for providing foster…
FHA gift questions come up often. I wanted to give you the rules on FHA…
