Obtain Mortagage Financing with a 580-600 Credit Score for Owner Occupants

Any buyer can be approved for a mortgage loan with good credit worthiness. This includes work history, available cash reserves, bill payment history, salary, job stability, and debt to income ratio. Obviously the higher your creidt score (FICO) the better your chances are for a loan with a favorable interest rate. A Veterans Administration (VA) loan requires 0% down, FHA loans requires 3.5% down and Conventional loans require 5% down. I work with a few great lenders in the Greater Augusta area (CSRA) and currently most lenders require a minimum of a 620 credit score. I have three lenders that still only require a 600 credit score. I CURRRNTLY HAVE ONE LENDER THAT STILL ONLY REQUIRES A 580 CREDIT SCORE, CAN YOU BELIEVE IT!

Tye Caldwell Sr.
REALTOR® - Keller Wiliams Realty Augusta Partners

Sell or Buy with TYE

Web Reference: http://www.TyeCaldwellRealtor.com