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According to Wells Fargo Home Mortgage

By
Real Estate Agent with CENTURY 21 WESTERN REALTY

Hello!

I just wanted to let you know that we now have the capability of doing FHA down to a 500 mid score.

Credit scores between 500 and 579 require a 10% down payment.

Credit scores between 580 and 599 required 5% down payment.

As usual credit scores 600 and above require 3.5% down payment.

Go through all of your old pre-quals and turn downs and give me a call for more info!!!!!!

For more information Contact 832-613-5373 or email Owne@kw.com

Jeff Lundquist
United Country Premier Real Estate - Annandale, MN
Jeff Lundquist

This is good to hear

Feb 15, 2011 02:27 AM
Lori Young
Young Realty Group, Inc. - Naples, FL
Broker/Owner

Funny how the years go by and the average credit score changes.  I would hope that more buyers will qualify for a loan.  So many buyers are looking for a dream home and we have so many choices to offer.  Great post.

Feb 15, 2011 02:32 AM
Clark Cook
1st Choice Realty of Fayetteville, LLC - Fayetteville, NC
Marketing Homes For Sale In Fayetteville NC Area

Thanks William for passing that bit of information along! I'll remember to make good use of it in the future. Hope you're having a great year.

Feb 15, 2011 02:35 AM
Dennis Duvernay Broker/Owner
Hillview Realty - Northbridge, MA

Hope this works out for all the buyers who were close before...this just may help some of them become a homeowner...

Feb 15, 2011 02:36 AM
JoAnn Borelli-Mardesich
Placentia, CA

This is good news for many buyers in the market at this time.  Thank You for sharing.

Feb 15, 2011 10:52 AM