I saw this coming years ago and lenders have talked about it earlier this year. The restructuring of Home Loans continues. The minimum credit score requirement increases to 640 effective November 15th 2010 with the loan locked in, not just getting a desktop underwritten approval. That means if you are not locked into a loan by then with the minimum 620 you will need to have a minimum of 640 in order to qualify to get a loan after November 15th 2010. Click here for more.
Damon J. Brockenberry (Damon The Agent)
Washington DC Area Real Estate Services
Servicing Washington, DC, Maryland, & Virginia
cell: 240-694-6460 e-mail: sold@damontheagent.com
Blooming for Maryland home buyers.
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