FHA loan news as of 1/19/11 serving Los Angeles County. HomeBuyers & Condo Buyers in Burbank Toluca Lake Valley Village Studio City Sherman Oaks and all nearby areas of San Fernando Valley, contact LUPE SOTO REO Agent Team in Los Angeles County for more information about FHA loan and your dream home or condo with low down . Please call for more information.
Wells Fargo and FHA are now accepting fico scores as low as 500! That's correct-500! Please see details below. I look forward to hearing from you.
Minimum loan score and LTV allowed for Purchase transactions:
Loan score lower than 500 = NOT allowed
Loan score 500 - 579 allowed with maximum 90% LTV and the additional requirements listed below. This means 10% down will be required. For example a sales price of $150,000, 10% is $15,000
Loan score 580 - 599 allowed with maximum 95% LTV and the additional requirements listed below. This means 5% down. For example a sales price of $150,000, 5% is $7,500
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REO AGENT & SHORT SALE Specialist Lupe Soto Realtor super serving areas: Arleta, Burbank, Canoga Park, Calabasas, Chatsworth, Encino, Glendale, Granada Hills, Hidden Hills, Lake Balboa, Lake View Terrace, Mission Hills, North Hollywood, North Hills, Northridge, Panorama City, Pacoima, Porter Ranch, San Fernando, Reseda, Sherman Oaks, Studio City, Sylmar, Sun Valley, Sunland, Shadow Hills, Toluca Lake, Topanga Canyon, Tujunga, Valley Village, Valley Glen, Van Nuys, Universal City, West Hills, Winnetka, Woodland Hills., Hollywood Area, Hollywood Hills,
LOS ANGELES AREAS: Hancock Park, City of Los Angeles, Downtown Los Angeles, Eagle Rock, Ecko Park, Hollywood, Korea Town, Jefferson Park, Griffith Park, Montecito Heights, El Sereno, Boyle Heights, Atwater Village
SANTA CLARITA VALLEY: Valencia, Santa Clarita, Canyon Country
ANTELOPE VALLEY: Anaverde, Rancho Vista, Quartz Hills, Palmdale West, Palmdale East, Lancaster West, Lancaster East, Littlerock, Lake Los Angeles