What FICO Score is used?

Planning Ahead for Home Ownership:

Establish good credit habits. Use credit cards responsibly. Create a spending budget and don’t exceed the limit. Keep up with your monthly payments, making sure to pay them on time. Start saving for a down payment. The larger the down payment you can put on a house the less interest you will have to pay ...

Is It Time To Buy?

There is more demand for a rental property now than ever. This high demand is causing rent prices to skyrocket. If you are looking for a long term lease your mortgage could be less than you’re paying in rent per month! The mortgage bill for today’s homeowners is the best it has been in decades. ...

What These Changes Directly Mean to You, the Borrower (HARP 2.0)

Underwriting Requirements Relaxed What’s new:  A more relaxed view on foreclosure and bankruptcy rules; meaning your HARP loan could be approved, regardless of how recently a borrower filed bankruptcy or experienced a foreclosure. What that means for you:  As previously stated, you won’t be counted out for a mortgage late when that could normally eliminate ...

What is in your FICO Score?

Understanding Your FICO Score

Today it’s more important than ever for you to understand where you stand financially, but many people out there know very little about their credit score, how it impacts lending and how they can improve it. In fact, two of every three Americans incorrectly believe that a consumer’s age is a factor used in calculating ...

Stuck on the Sidelines? Go Direct!

Our FHA Direct and FNMA Direct programs offer 30-year fixed financing to borrowers with a credit score as low as 620, or even a 600 credit score in certain circumstances , and offers less restrictive guidelines than other similar programs.  Even with our industry guidelines constantly changing, this is a great opportunity for us to ...

Older posts