Helpful Mortgage And Real Estate Advice

Tag: Mortgage Guidelines

FHA Minimum Credit Score Declines by 60 Points

Ellie Mae’s third quarter mortgage loan origination insight report spoke too soon. FHA has now lowered its credit score requirement by 60 points. Making it even easier for eligible borrowers to qualify for an FHA-backed loan. Borrowers with scores of 580 or higher may be able to sign off on a mortgage loan closing now […]

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Beneficial Program Changes for Seniors

By on October 15, 2014 in Mortgage Programs
Beneficial Program Changes for Seniors

There has been some program changes in a reverse mortgage that have made it even more beneficial for its borrowers. Senior Help Line provides senior homeowners with the solution to their financial obligations. Three Basic Changes to Reverse Mortgage: 1) First Year’s Limit – The Department of Housing and Urban Development (HUD) has reestablished a […]

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