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 gmunoz72 9 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 help, I thank you greatly. I can afford a monthly payment of 450 dollars.
by fdoleac 12 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 that is legal.
by Anjili 10 years ago
What hidden factors should mortgage clients consider when selecting a lender?
by Msoriano 11 years ago
How can avail of a $15000 personal loan if I was declind by other lenders?I tried to apply for a personal loan on one of the lending companies. I was 100% funded but they sent me a message that they cannot release the fund because of my credit history and they were unable to verify my income even...
by robj 10 years ago
how can i find a bad credit loan
by Kiz Robinson 12 years ago
What is a remortgage?
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