Plain and simple, if lenders were just basing your loan qualification on your credit scores, yes you could get a mortgage with a 640 for credit score. In fact, you can get a mortgage under the right circumstances with credit scores under 600. With lower credit scores however, be prepared to pay a little higher interest rate, and … [Read more...] about Can I Get A Mortgage With A 640 Credit Score?
Qualify for a Mortgage
Mortgages for the self employed can still be done, despite the higher scrutiny placed on those who work for themselves. That only compounds with the U.S. Government's Ability-to-Pay rule that makes it more of a challenge to obtain a mortgage as avoidance of another mortgage crisis. But despite the possibility of those … [Read more...] about Ability to Pay Rule – Mortgages for the Self Employed