If your credit score dips below the 620 bench mark during your loan process, what option do you have? One solution can be to get an FHA loan, but this would involve mortgage insurance that would increase your overall loan amount and monthly payments. The smart thing to do is to not buy anything large that could lower your score. You could consider a rent 2 own property that allows you a temporary period of time to rebound while restoring your credit. Vist www.Rent2OwnROC.com to learn more about this option! For more buying and selling tips, please visit www.RochesterHomeLocator.com and let the Salafia Sold Team help you today!
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