BziBee and Alison 's Blog

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And you thought a couple months ago was a credit crunch !

FHA and VA have raised their minimum credit score requirement to 620.  So it will now take a 620 middle score to get an approval, unless it is VHDA.

Okay what is it going to take to buy a home ? REALLY people if you had a lower score than 620 it would have been a great idea to buy 3 months ago. Everyone is waiting for prices to dump rates to go to 0 but guess what you better be a strong buyer with good credit. Where are you with your score. Did this change just push you out of the game ? 

If your thinking of buying think quick things are changing daily ! 

 


Alison Creamer, Realtor, ABR, CDPE
Direct 757.652.8880
Licensed to sell Real Estate in Virginia
Keller Williams Realty
Follow Me On Twitter

Sell Hampton Roads Homes

 

 

Comment balloon 0 commentsAlison Creamer • March 03 2009 10:01AM
And you thought a couple months ago was a credit crunch
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