No Go For MI Under 575

Mortgage and Lending with Kris Krajecki - FOX VALLEY MORTGAGE - Huntley, IL

Well, another lender tightens thier grip!

Looks like FHA is going to HAVE to be the way to go for yout sub-575 FICO borrowers...


Issued: November 26, 2007
Effective:Effective with new loan applications taken on or after November 27, 2007
Mortgage Insurance (MI) is no longer available for loans with a FICO® score under 575, regardless of the LTV.

Comments (0)