Price Hits On These Loans Starting Next Month…

I wanted to let you know that next month starts an extra loan level price hit on Conventional loans if the debt to income ratio is over 40%, which many loans are.  This is coming from the Fannie Mae / Freddie Mac level.

As a consequence, I would say we are going to be seeing more FHA loans being done.

FHA does give you more flexibility on credit scores (3.5% down to a 580 credit score), debt to income ratio, and credit underwriting.

So, if you need to be prequalified for a loan contact our offices and we can see which loan fits you best.

That’s it for today!

Thanks for reading!

Brett

Get Pre Approved For A Loan Here
My Previous Blog