As a loan processor I can say no. The mortgage industry is still knee jerking from last years downturn. Lender guidelines, if anything, are becoming more strigent than ever. FHA recently raised it manatory middle fico requirement to 620 from 580.
Now this fico requirement varys from lender to lender, I've heard some banks still accept the 580 mid fico. If you have need of a lender for poor credit I would advise that you seek counsel with a mortgage broker. A broker can better inform you of options available in your area.
by gmunoz724 years ago
Is there a lender or lenders who can assist a disabled borrower with terrible credit secure a loanI am trying to consolidate my financial obligation on my own. If anyone can help or refer me to someone who will...
by robj5 years ago
how can i find a bad credit loan
by fdoleac7 years ago
Banks are not allowed to own and operate real estate companies. Are mortgage lenders or mortgage brokers also restricted. GMAC owns both and I would be interested in knowing how they structure the entity...
by Anjili5 years ago
What hidden factors should mortgage clients consider when selecting a lender?
by HubPages6 years ago
How To Pay Mortgage Early
by Dan Harmon3 years ago
Over a decade ago we decided that the poor should be able to have a house whether they could afford it or not. The end result of that decision was the recession that spread world wide and caused immense damage to...
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