Are Subprime Loans Back?

Published by pacbay on Wed, 04/02/2014 - 10:16 in
Printer-friendly version

 


 

 

 

 

 

 

 

 

*Interest rates are subject to change without notice and do not constitute a commitment to make any loan at any specific rate.


 

Recently one of the major banks announced BIG NEWS, reported in the San Francisco Chronicle. They lowered the credit score on FHA loans from 660 to 600 FICO.

For us, it is just business as usual.

At least one of our lenders can go down as low as 580 fico with 3.5%down payment! 

History repeats itself. As before the meltdown, it is our government who is trying to help those who have less than stellar income and do not have money for the down payment. 

Will it last?

Whom do you know that might benefit from our tailored mortgage solutions?

Equal Housing Opportunity Lender

355 Gellert Blvd, Suite #230, Daly City, CA 94015
Main: 415.242.0730 / Fax: 650.550.4961

NMLS# 196454 / NMLS Consumer Access Website