Can you get a loan with a 500 Credit Score?
Yes you can! Wells Fargo is now providing FHA mortgages to borrowers with credit scores as low as 500. This is great news, as the downturn in the volume has been mostly due to strict tightening of the lenders for lending money to buy homes. This is excellent news, that I’m sure will be followed by other lenders. Currently, most major lenders require a minimum 650 credit score. If you thought you couldn’t purchase a home due to your credit score, then give me a call and lets see what we can do to get you in a house today.
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