Question by JH: What credit bureau do loan officers or underwriters look at to calculate a 620 credit score for a FHA loan?
There is Experian, find drugs Equifax and Transunion I have different scores for each, symptoms but which one do loan officers and underwriters look at to approve you for an FHA insured loan? Do they look at the highest, treat lowest or average?
Best answer:
Answer by SPIFIMAN1
They will look at all 3 and use the middle score.
Add your own answer in the comments!
Nations Lending Corporation-FOX 8 Launch Great Mortgage Give-Away
The mortgage company specializes in funding conventional, hospital ARM, more about 30 Year Fixed, ambulance 15 Year Fixed, VA, HARP, FHA, IRRRL, FNMA, FHLMC and Streamline refinance mortgage loans for homeowners and borrowers in 42 states. The business is an approved …
If you would like more informaiton please visit here…
New Short Sale Rules Should Expedite Sales, Approve More Borrowers
Mortgage Brokers Forum · Refinance · Home Equity Loan · Foreclosure Bail … Bob Graeve, a broker at Illustrated Properties in Palm Beach Gardens, said short sales have gotten easier as lenders streamline procedures. Where it took six months to …
For more informaiton please visit here…
New short rules designed to expedite process
When it comes to federal housing programs, if recent changes aren't centered on expanding the pool of qualified borrowers, they're focused on streamlining the process to make it simpler and easier. The Federal Housing Finance Agency announced on …
If you would like more informaiton please visit here…
Question by : Why are VA mortgage interest rates higher than conventional and FHA?
Best answer:
Answer by Fort Sill Army Wife
Im not sure what they are now, viagra but when we got our house in Jan 2009 our rate was 5.5 fixed and Im not complaining about it…We didn’t have to have a down payment and no pmi . Id rather have a slightly higher (if at all higher) interest rate then pay for pmi and 20% down payment
Know better? Leave your own answer in the comments!
Depends on what lender you are looking at. We use Citi for most of our VA loans and they are priced the same as FHA and are slightly better right now than Conventional. Some lenders do have higher rates because they do 100% financing and have no minimum credit score requirements.