www.lasvegasmtg.com Report: Las Vegas FHA Home Loans with 530 FICO Scores

Las Vegas FHA Home  Loans for 530 to 619 FICO Score

by John Le francois

www.lasvegasmtg.com Report: Many borrowers in this economic downturn are experiencing derogatory credit reports that require special lending options that alllows them to still purchase a Las Vegas FHA Home Loans with 530 FICO Scores or higher.

All Western Mortgage now has Investors that will provide Mortgages to Credit Challanged Borrowers. There are strict guidelines for these type of FHA  Home Loans in Las Vegas, Nevada.

580 to 619 FICO Scores  

1. 3.5% down payment for FICO Scores with no Scores or >=580 
2. No open or active trade lines will need three alternative trade lines. Car Insurance, Utilities, Cell phone for example.
3. Debt to income ratios cannot exceed 31/43.
4. Verifiable housing payments - no exceptions. Institutional Verification or 12 months cancelled checks.
5. No gift funds.
6. Non Ocupant Co - Borrowers not allowed.

530 to 580 FICO Scores  

1. 10% down payment for FICO Scores with  >=530 to 580 
2. No open or active trade lines will need three alternative trade lines. Car Insurance, Utilities, Cell phone.
3. Debt to income ratios cannot exceed 31/43.
4. Verifiable housing payments - no exceptions. Institutional Verification or 12 months cancelled checks.
5. No gift funds.
6. Non Ocupant Co - Borrowers not allowed.

To get more information complete the secured online application right now!.