Recent articles about the availability of low down payment loans and down payment assistance programs are causing fear that we’re returning to the bad habits seen 15 years ago. In this article, we alleviate these concerns.
Don’t let assumptions about whether your credit score is strong enough put a premature end to your homeownership goals.
The good news for potential buyers is that you don’t need a score that high to qualify for a mortgage.
Required Credit Re-Establishment Periods for Mortgages after derogatory credit: Short Sales (Deed in Lieu of Foreclosure) Loan Type Waiting Period Conventional (Fannie Mae, Freddie Mac) 4 years FHA 3 Yrs…
When applying at any lender, here’s a list of the Documentation Required to Get a Mortgage by most underwriters.
