FHA is revamping their guidelines.  The lenders are following suit.

Unless you have a streamline refinance the magical score is 600.  I have check with many lenders and they all say the same thing.

Here is what we can do to get the homebuyers into their new homes:

1.  Look at their credit report before you submit it.  Make sure there are NO errors on it or any strange items.

2.  If there are any errors or strange items get it removed.  The credit bureaus have only 30 days to correct it.

3.  Tell you client to quit using their credit cards while you are working on finding them a new home. 

4.  Tell you client that they must realistically look at their financial picture, and give some thought into plan B if their present financial standing may change.  Always have a back up plan.

5.Tell the future homeowner that this is their investment in their future and in their community's future and in order for everyone to put down the "fear"  we must invest in the USA.

We can survive, just ride the wave.

Marian Thomas

mavericksellsmoney@gmail.com