FHA Financing to 580 Credit Score
CFS Mortgage Corporation is proud to continue lending on FHA loans and 580 credit scores. We are dedicated to assisting Realtor's and real estate investors with new and innovating mortgage solutions. As a bank we consistently provide and higher level of service and support than all other traditional brokers in the market place.
Available for:
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Purchase
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Refinance (no cash out)
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Streamline Refinance
FHA requirements:
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Minimum fico score requirement of 580
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Full documentation of income
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Debt ratios to 43%
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3.5% down payment for purchases
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Down payment can be gifted by family member
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6% seller contribution on purchases
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No asset reserve requirement
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Automated underwriting approval required
Many banks have changed their requirement to 620 fico score for FHA financing. As of 05/01/09 CFS Mortgage Corp continues to fund FHA loans to 580 score. Our minimum score requirement could be subject to change in the future.
Troy Schuricht - troys@cfs-mortgage.com - 602-354-0537
Brad Brown - bradb@cfs-mortgage.com - 602-354-0521
Community First Financial is powered by CFS Mortgage Corporation a mortgage banker, license number BK#0905178.
Regarding FHA financing with credit score to 580 -- are you guys licensed to do business in Missouri?? Any Missouri offices?
Thanx!
Don Schneck
Wilken LLC Realtors
Springfield, MO