FHA Loans now starting at 580 FICO not 640

Yes it is true you can now buy a house using FHA Loans now starting at 580 FICO not 640:

But Mark this can't be true can it? My lender says its not possible!

Well it is true different lenders have different investor overlays based on the type of loans they do, and the level of risk associated with those companies depends on the quality of products they are allowed to fund.

It typically means that the companies with a lower risk assessment means they have less restrictive overlays and therefore can offer more varied products to capture more business.

Which is why I can now offer FHA Loans now starting at 580 FICO not at 640

So to hear about the specifics of this new FHA loan click the video to hear me explain it

For more information feel free to call my office at 602-361-0707 and see how we can help you. If your score is less than a 580 we can put you in our CRU program (Credit Restoration Unit) and help get your scores up so you too can take advantage of the phenomenal home prices and record low interest rates.

So I say lets do some:

• Apartment mailers
• Local title company fico searches of potential sellers
• Some mailers to people currently renting
• First time home buyer seminars
• Mailers to our own databases
• A series of Craigs list ads etc.etc etc.

As always thanks for reading my blog: FHA Loans now starting at 580 FICO not 640