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You don’t need a 700 credit score & 20 percent down to buy a home – Credit Scores Part 1

Many of you shopping for a mortgage in order to take advantage of this excellent time to buy a home realize that it's a tough lending environment.  But there are options available you may not be aware of.  Jeff Belonger is a mortgage expert specializing in FHA loans.  Here's some information from him: 

Your credit scores are important. Credit sometimes seems easy, yet at times can seem so complicated and might not make sense why your scores might be lower.
One thing that I want to make clear is that you don’t need 700 credit scores and or 20 percent down to buy a home.
The mortgage industry has gone crazy lately, so you will hear a lot of chatter of misinformation out on the streets that you need excellent credit and a lot of money down. What is not explained is that there are mortgage programs that allow for less than perfect credit. One of the problems with this is that “less than perfect credit” has many definitions from so many in or out of the mortgage industry. You will see many ads on the internet telling you that you can get a FHA mortgage with “bad credit”, “less than perfect ... more

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