FHA Homes Loans w/ Low Credit Scores
FHA Home Loans For Bad Credit Scores
WOW! Just picked this post up from the Tooele blog that Chris does. 'FHA home loans for bad credit scores.' His post was aimed at people in his market in Tooele County, but when I asked him if the loans were available in Salt Lake, the answer was YES!
I get calls daily from folks that would love to buy a Salt Lake house now, but are working on building their FICO scores back up so that they can qualify. Generally the question is, how long will it take, or how high do i need to bring it up to before i can start looking for a home to buy.
Now it looks like I have a much better answer for my peeps.
According to Chris, FHA now has a home loan product that will lend money to home buyers with credit scores as low as 500.
As Chris points out in the following article, there are some other hurdles, but they are doable. Here is what he had to say,
So, if you are a home buyer from Tooele County and want more info, call Berna. If you are a home buyer looking to finance a home in Salt Lake County and your credit is less than stellar, but you are tired of waiting, call me @ 801-567-0946 and i will hook you up with a lender that knows how to do FHA home loans for bad credit scores.
Posted: Friday, April 25, 2014 4:49 AM by Gordon Sloan
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