Until recently, getting a loan to purchase a home in Raleigh North Carolina for borrowers with credit scores greater than 620 but less than 640 was nearly impossible. However, because of the improving real estate markets, lenders are beginning to once again to loosen their credit guidelines.
Will we return to the sub 600 fico score days? hopefully not!
AES Lending, a Raleigh-Cary North Carolina Based Mortgage Lender has partnered with a nationwide investor to provide access to affordable, government insured FHA mortgage loans to borrowers who have credit fico scores of at least 620. Get started today with a free pre-qualification here.
Ricardo Cobos is a licensed mortgage loan officer in Raleigh-Cary-Durham North Carolina who has been helping families achieve financial security through responsible home-ownership since 1998.
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