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No Cash? No Credit? No Problem? Secret Weapon Revealed

There's a mortgage ad running on Chicago area radio stations that seems to be aimed at credit-challenged borrowers with limited cash. The guy with the "perfect" mortgage suggests that even these borrowers can still get a mortgage. His "secret" weapon?

The FHA mortgage. It's an oldie, but a goodie.

Top Secret

The truth is no one is going to get a mortgage without sufficient credit and adequate financial resources. But despite all the news about tighter guidelines and higher downpayment requirements, borrowers with so-so credit and limited cash can still qualify. The key is a clean (not perfect) credit history, solid employment and some skin in the deal (like 3% skin).

Click here for a look at an old standard that's popular with all the cool kids again.

FHA Mortgage Chicago mortgage loan credit Turbo Tagger

Posted by Ben Barber on 05/19/2008 04:37 PM

Comments (2)

fha mortgage, credit, chicago home loan

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2 Comments on No Cash? No Credit? No Problem? Secret Weapon Revealed

MAY

2008