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Credit Grading and Borrower Profiles.
Borrowers Profiles
 
Lets first talk about what makes a borrower an "a", "b", "c" or in some worse cases, a "d" loan. 
 
As lenders in the past few years have determined that a person with a 720 credit score, and can fully document their income would most likely constitute an "A" borrower. Some lenders call these "Vanilla Loans" but I personally am not apt to that comment.  But be prepared you will hear it.
 
A "B" grade borrower might have the same credit score but cannot fully document their income so may have to go stated income, or we can fully document their income but they have a credit score around a 680 or so.
 
A "C" grade borrower will have some credit issues, they still might have a decent score but there are some "Scuffs" on the credit that need to be cleaned up, and need to be addressed prior to purchasing a house.
 
A "D" borrower which is a term not people use anymore are borrowers that cant get conventional based financing, they do not meet the FICO (Credit) score requirement, and there for they are subject to hard money loans.
 
When you see an advertisement on TV and they say "come in ... more

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