No Minimum Fico Score Required On VHDA loans

 

No Minimum Credit Score Required

With most lenders requiring a Minimum Credit Score of at least 620 or above on FHA, Conv and VA loans most borrowers are finding it difficult to find financing if they score below 620.

Not everyone who scores low on fico scores should not disqualifiy based on low scores alone.  If you show a good track record in paying bills on time and can prove that you are credit worthy regardless of credit score you should be approved.

Even though FHA & VA still follow these guidelines, most lenders are capping the credit scores to 620+ to be approved.

There is one program out there that still holds a TRUE NO MINIMUM FICO SCORE regardless of what the lender will approve.

THE VHDA program will honor the no minimum fico score in the following conditions.

• 31/43 Debt-to-income ratios
• No late payments in the last 12 months over 30 days.

That’s it!  Simple as that, a True no minimum fico score requirement!

Enjoy the 103% Financing!

 

REBarcamp Virginia Beach – A Real Estate Event Expo Free!!

Virginia Beach - http://rebarcamp.com/vabeach/

I will be helping out an amazing event that is coming down to Virginia Beach.

The event is geared towards the Real Estate Professional community and all other industry niches geared towards Marketing, Technology and Social Media.  If you are a business professional in the Tidewater Area, you might want to come register to reserve your spot in this great event. 

The Skinny

• Who: Any Real Estate Professional and industry experts who have a DRIVEN desire to LEARN and SHARE
• What: Open session gathering of experts in Real Estate, Marketing, Technology and Social Media. This event is FREE
• When: 10am – 4pm Thursday, July 16th, 2009
• Where: Buffalo Beach Hilltop Plaza

  1725 Laskin Road, # 501

  Virginia Beach, VA 23454

  757-422-WING (9464)

  *Free Wi-Fi*

• Why: REBarcamps are great events where industry experts around the nation gather to participate in Learning, Sharing, Networking and Motivating. Expect a highly anticipated Engaging and Fun event to improve our overall success in our business.

Register and Reserve your spot here for free http://rebarcamp.com/vabeach/?page_id=7