Overall picture of the Home Mortgage Market--plus some commentary
Friday, December 4, 2009
FHA Minimum Credit Score going UP
Most Lenders are moving the minimum credit score up to 640 on FHA transactions. I would probably bet that come January 1, 2010 all lenders will require this. Just being proactive.
I am a Senior Mortgage Banker at Trinity Mortgage Services. We are located at 800 N. Church St. in Palestine, TX and
I have over 9 years experience in the mortgage lending field.
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