Aundrea Beach-Greco Mortgage Blog FHA 30 Yr Fixed with credit scores down to 620 FICO March 10th, 2011 5:46 PM Now Available at RMS: FHA 30 Yr Fixed with credit scores down to 620 FICO. Hello everyone. We’re thrilled to announce our ability to resume in-house funding of FHA loans with credit scores below 640, down to 620. We’ve been working feverishly to bring back the 620 – 639 bucket and can begin accepting new file submissions related thereto effective today Thursday March 10 , 2011 Some quick guideline highlights related to the 620 – 639 FHA bucket would be: Gift, Grant and DPA funds may be utilized, AUS – FHA TOTAL Scorecard approval (no minimum tradeline requirements), maximum back debt to income Ratio 43%. Thank you for your continued support and partnership. Let us know how we can assist you! Posted by Aundrea Beach-Greco on March 10th, 2011 5:46 PMPost a Comment (0) Subscribe to this blog * Name: * Email Address: URL: Comment: Type the characters you see in this picture, click "Submit" when finished.   This helps us prevent automated programs from posting comments and sending spam. * Name: * Email Address: Address: City: State: Zip:   This helps us prevent automated programs from creating bogus contacts and adding them to your contacts database.

Recent Posts: April 2012: HARP 2.0 Update for NV New FHA rule will affect credit for homebuyers as of April 1st FHA 203(k) for Foreclosure Fix-Ups How Many Times Can You Refinance With The FHA Streamline Refinance? Gov't Aid for FHA Streamline Refinances! Changes to FHA MIP: Realtors and Current Buyers need to know! FHA changes to Mortgage Insurance as of 4/1/12 Foreign Nationals...Financing is available Documents That Help You Maximize Real Estate Tax Breaks FHA Mortgage Rates Remain Below 4%...For Now... 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Doctors, lawyers, even beauticians adhere to strict education requirements and licensing.  Do you want someone who is not bound to certain mortgage licensing standards looking at your credit and finances? Consult a CMPS™!

Certified Mortgage Planning Specialist, CMPS™ represent a new professional category in the mortgage sector: one that arose as a response to legitimate criticisms of the mortgage banking industry.

Mortgage Planners must have regional mortgage licensing, undergo structured training, and pass a battery of tests in order to be certified by private Certified Mortgage Planning institutions. They must also pursue and document ongoing training regarding the mortgage banking industry, the markets that impact home finance products, the role of interfacing with financial services professionals, and the methods, means, and ethics associated with advising consumers on home mortgages.

Certified Mortgage Planners work in concert with other finance professionals, including Realtors, CFPs, CPAs, Insurance Agents and Attorneys to ensure that consumer home finance products are in alignment with market trends, both current and historic. The deliverable of a Certified Mortgage Planner is a "Mortgage Plan" designed to maximize home equity and improve cash flow while wisely managing debt. CMPS professionals are committed, qualified and equipped to implement mortgage, cash flow and real estate equity management strategies that help consumers: Build and conserve wealth, Become debt free sooner, and Achieve financial freedom.

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