FHA down to a 600 Fico! Close in 10 business Days!!

By
Mortgage and Lending with LSI Mortgage Plus 293451

We have just lowered our minimum credit score down to 600 for FHA purchases and Refinances with excellent pricing. We are also doing conventional loans down to a 620.... IF you have a client who has been turned down due to credit score, please contact me for a quick pre-approval. We are a direct lender and have the ability to close in 10 business days or less!

Comments (2)

Susan Goulding
Crown Key Realty, Inc; Tracy & Mountain House Sales and Property Management - Tracy, CA
Northern CA - Tracy & Mountain House Real Estate

now if you could only refinance all us people who's mortgages are at 7+% and 50% upside down.

May 18, 2011 05:12 PM
Todd Feager
LSI Mortgage Plus - Arnold, MO

Susan,

I wish I could. That being said, There are a couple of programs that will basically ignore the value of your home on a refinance. If your current loan is serviced by fannie mae or freddie mac, there is a good chance you could qualify. Odds are if your current loan is not an FHA Loan or serviced by  a small credit union or local bank that this may work for you. I am doing a ton of these loans with appraisal waivers that without a doubt owe more than what the home is worth. Let me know if I can help. It only takes a few minutes to find out if this is an option for you or not.

May 19, 2011 01:33 PM