mortgages below 620: Closing Purchase Loans with Credit Scores Below 600 - Say it Ain't So - 08/17/09 04:23 PM
Closing Purchase Loans with Credit Scores Below 600 - Say it Ain't So! In this current credit tightening market, there are still some options out there for financing a home mortgage with a credit score below 620. In case you are not aware, 620 is the current magic number (cut off) for the majority of loan options available today.* But not all loans are created the same!  
As an example, one of the options still available today for credit scores below 620 are the NJ first time home buyer mortgage programs. Last week we closed a purchase transaction where the buyer had a … (5 comments)