I MISS FHA

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

Another lender is getting even STRICTER....and with FHA!!!

Hey guys,

Sorry to bring this to you late on a Friday, but I just received an email that we are increasing our minimum fico on FHA loans to 600 for all borrowers.  I need all loans locked today that fall between the 580 and 599.  Please call me asap to get these deals locked.  PLEASE NOTE THAT THIS DOES NOT AFFECT STREAMLINES.  We do not require a credit score on streamlines.  Please call me with any questions and I am sorry for this.

Thanks!

Account Executive

SunTrust Mortgage

I remember when FHA was FHA!!!

Pretty soon it'll be "Sorry, you do not have a 720 mid FICO-you do not qualify for FHA!"!!!!

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Rainmaker
284,763
Dave Woodson
Dave Woodson - Chesterton, IN
Not the Average Agent

I hope that day never comes, but I am sure FHA will remain the great equalizer out there for many brokers. 

I am the FHAGURU.com

Dec 01, 2007 03:36 PM #1
Rainer
168,035
Matthew J Blum - (retired from the business)
Palm Beach Gardens, FL
Kris, Maybe that email going around a couple of months ago with the joke's about needing an 800 FICO and no families members can go bankrupt for the past 3 generations wasn't a joke...:-)
Dec 01, 2007 11:00 PM #2
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Rainer
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Kris Krajecki

Mortgage Broker Huntley, IL
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