If the balance is over the credit limit, they go MUCH lower.
This happy client was already approved with Gold Financial at 628 credit score.
But, we recommend 2 small tasks that would quickly raise her score and give her a lower interest rate. (Sorry competitors, no secrets revealed here)
FHA loans under 640 get more expensive. Many Banks and Mortgage Bankers will not even do them.
The credit score improvement for this buyer either lowers the rate by .25% over the life of the loan or saves 1.00% in fees at closing.
On a $200,000 loan, that is $2000 in today’s dollars.
We always work to get our buyers the best deal!
|Call us 1st to avoid mortgage problems, Call us 2nd to SOLVE them.J. Scott Harris
Vice President – Mortgage Miracle Working
Gold Financial Services, Inc.
Closing FHA / VA & USDA Loans at 580+ in Texas, Oklahoma & Louisiana
5055 Keller Springs Road, Suite 500
Addison, TX 75001
24/7 Mobile: 214-435-8825
Secure Fax: 866-343-3688
Gold Financial Services, Inc. is a division of Amcap Mortgage, Ltd. NMLS# 129122