No matter which side of the home buying equation you are on. If you're planning to buy a house, and your credit score is 580 or up. you can qualify for a 3.5% down payment.
If you credit score is 620 and up, your qualify for Lender Credits.
LENDER CREDIT PROGRAM
Our most popular client benefit, is the Lender Credit Program that offers borrowers up to $4,000 that can be used to pay their upfront closing costs!
Do you have 550 Fico Score? You can still qualify but will need a 10% down payment v.s. 3.5% for those with a 580 Fico Score or better
Our new FHA 550 Advantage for borrowers with a 550 Fico score. Including options for those with mortgage credit events like bankruptcy, forclosures and short sales.