I MISS FHA

Another lender is getting even STRICTER....and with FHA!!!

Hey guys,

Sorry to bring this to you late on a Friday, but I just received an email that we are increasing our minimum fico on FHA loans to 600 for all borrowers. I need all loans locked today that fall between the 580 and 599. Please call me asap to get these deals locked. PLEASE NOTE THAT THIS DOES NOT AFFECT STREAMLINES. We do not require a credit score on streamlines. Please call me with any questions and I am sorry for this.

Thanks!

Account Executive

SunTrust Mortgage

I remember when FHA was FHA!!!

Pretty soon it'll be "Sorry, you do not have a 720 mid FICO-you do not qualify for FHA!"!!!!

Posted by Kris Krajecki Mortgage Broker Huntley, IL on 12/01/2007 11:21 PM

Comments (2)

mortgage, refinance, fha

2 Comments on I MISS FHA

I hope that day never comes, but I am sure FHA will remain the great equalizer out there for many brokers.

I am the FHAGURU.com

12/01/2007 11:36 PM

by Dave Woodson (Indigo Financial Group Inc.)

Kris, Maybe that email going around a couple of months ago with the joke's about needing an 800 FICO and no families members can go bankrupt for the past 3 generations wasn't a joke...:-)

12/02/2007 07:00 AM

by My Favorite Mortgage.net - Matthew J Blum

Leave a response…

Name:

Notify me of new comments:

Comment:

What does the graphic say?

Mortgage Company: Kris Krajecki - American Mortgage Werks - Huntley, IL

Kris Krajecki Mortgage Broker Huntley, IL
Huntley, IL
More about me…
Kris Krajecki - American Mortgage Werks - Huntley, IL

Office Phone: (847) 426-3431
Cell Phone: (630) 347-6321
Email Me

Links

Archives

Find IL real estate agents and Huntley real estate here on ActiveRain.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
© 2007 ActiveRain Corp. All Rights Reserved