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Mortgage Loans Programs for Credit Challenged Buyers:

Every time I turn on the television or listen to the radio I hear another media talking head share with the public that banks are not making mortgage loans for buyers with credit scores less than 680, 720 or 740. Well I want to first set the record straight that this is not entirely true.

Now Let me make myself clear that "YES WE CAN" get you a mortgage if your credit score is lower than 680. There are conditions, but it is possible and I do it everyday for a lot of my clients.

Now that I set the record straight, let me explain this a little further.

Mortgage Loan Programs for Credit Challenged Buyers

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Posted by Gary Miljour - Mortgage Lending for Tempe Arizona on 12/19/2008 10:39 AM

Comments (2)

Mortgages in the Mortgage / Finance Channel

fha, va, usda, credit scores

This post has been included in Arizona Information Maricopa County, AZ Information
Post is included in group: Realtors®
Post is included in group: 1st Time Buyers

2 Comments on Mortgage Loans Programs for Credit Challenged Buyers:

DEC

Gary,

I know you can! Merry Christmas, and I wish you a happy and prosperous New Year!

Mike in Tucson

Gary, my company has over 300 lenders associated with our system, their mortgagee clauses, etc. and hey are still in business and our clients are adding more everyday. The big deal here is that there a lot of companies out there and they still are doing business in all sorts of buckets. Professionals like you make all the difference in helping borrowers find the right one.

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