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Home Prices Continue To Fall With home prices continuing to fall across the board, many people are looking to take advantage of this and also tae advantage of the low mortgage rates at the same time. There is a lot of interest, and endless amounts of... More

Home Prices Continue To Fall With home prices continuing to fall across the board, many people are looking to take advantage of this and also tae advantage of the low mortgage rates at the same time. There is a lot of interest, and endless amounts of people that would love to buy a new home, but the strict lending guidelines are limiting the number that can actually take advantage of the ridiculously low home prices. With the housing inventory at an all time high and prices at record lows, mortgage lenders are offering the best rates that the current generation has seen. They are sticking to their guns in regards to the underwriting guidelines, and a good credit profile along with documented income and assets are required. These are known as full documentation mortgage loans, and there is no way around them as there was in the past. So, what kind of credit score is required for a traditional FHA mortgage these days? As a rule of thumb, most lenders need to see at least a 620 middl Less