Wells Fargo has announced that they have raised their minimum credit score requirement for ALL loan programs to a 600 FICO score across the board. This has left some pre-approved buyers no longer approved. Wells Fargo's old score was 580 minimum. FHA and VA had been 580 minimum score. I believe other lenders will follow suit. Lenders are looking to limit their risk in this current financial crisis.
If you are below a 600 credit score and would still like to qualify for a home loan, please feel free to contact me their are still lenders doing below 600 FICO score on FHA and VA loans
John Thomas - Certified Mortgage Planner - Primary Residential Mortgage
Phone - 302-368-7132 E-mail - DelawareMortgages@yahoo.com
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