Carrington Mortgage Services is the latest company to announce that it has lowered its minimum FICO score. It also has expanded guidelines on several FHA, VA, and USDA loan programs to aid those with below FICO scores. Wells Fargo, the nation’s largest mortgage lender, said in February that it was lowering its minimum FICO score requirements on FHA-backed mortgages.
Wednesday, March 26, 2014
More Banks Lower FICO Score Requirements
More Banks Lower FICO Score Requirements
Carrington Mortgage Services is the latest company to announce that it has lowered its minimum FICO score. It also has expanded guidelines on several FHA, VA, and USDA loan programs to aid those with below FICO scores. Wells Fargo, the nation’s largest mortgage lender, said in February that it was lowering its minimum FICO score requirements on FHA-backed mortgages.
Carrington Mortgage Services is the latest company to announce that it has lowered its minimum FICO score. It also has expanded guidelines on several FHA, VA, and USDA loan programs to aid those with below FICO scores. Wells Fargo, the nation’s largest mortgage lender, said in February that it was lowering its minimum FICO score requirements on FHA-backed mortgages.
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