FICO me, FICO you!!!
Today, the basis of most mortgage lending is credit scoring. Really, now more than ever, with most lenders not going below 620 for FHA orVA. In general, the higher the credit score, the lower offered mortgage interest rate. There are many credit scoring models that are being used today, however, only 3 are relevant to [...]
Indiana FHA Changes
All Indiana loans: (FHA, VA, Conventional) A Credit report must be dated within 60 days of final loan approval. May be 120/180 days old at time of close. Effective immediately Indiana FHA: We are seeing an influx of building on own land. We have to do it as a purchase. However, this loan can be [...]
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