One third of Americans have a credit score of less than 620. Zillow.com studied 25,000 online home mortgage applications and found that prospective home buyers with credit scores lower than 620 could not get Columbus loans approved, even when they were able to make a down payment of 25% of the purchase price. Only 47% [...]
Low Credit Scores Limit Access to Columbus Loans
October 16th, 2010 1 Comment
Tags: Columbus House · columbus houses · Columbus Housing · columbus loans · columbus realtors · columbus realty · credit score
FHA Increases Minimum Credit Score for Loans
June 28th, 2010 No Comments
At the end of last week we received an email from our favorite loan officer. She told us that FHA changed guidelines for minimum credit scores required to ensure loans. Until now it was still possible to get Columbus loans with credit scores as low as 580. Fifth Third Bank was one of the few [...]
Tags: Columbus House · columbus houses · Columbus Housing · columbus loans · columbus realtors · columbus realty · credit score · FHA · FICO score
Did You Know These 5 Facts About Credit Scores?
April 14th, 2010 No Comments
Most people know that their payment history has an effect on their credit scores. There are several other factors that affect your credit score when you apply for Columbus loans. Here are 5 interesting facts about credit scores that may surprise you: 1. Income: Your income level has no bearing on your credit score, but [...]
Tags: columbus houses · columbus loans · columbus realtors · credit bureau · credit repair · credit score · home mortgage