FHA loans with low credit scores down to 550 What is the ideal credit score to buy a house? How much do I have to put down to buy a home? While most Big Banks turn away individuals with low scores, we have been able to service clients with credit scores as low as 550. Did you also know you may qualify to bring as little as 1% down do close?
For those 62 or older you can benefit from the Federally backed FHA Reverse Mortgage. It sounds complicated but we like to think of a like a home equity line of credit for seniors with the special feature of not having to make a monthly mortgage payment if you so choose to.
Still have 1,000 more questions? Take a look at some of the unique products Marketplace Mortgage Corp. offers that meet the needs of those turned away by Big Banks. From jumbo purchases to self-employed individuals buying second homes, we are here to advise and put our top licensed professionals to work for you.
An Illinois* Residential Mortgage Licensee. A California - DBO**, Florida , Indiana-SOS, New Mexico, Tennessee, Virginia, Washington DFI*** Residential Mortgage Licensee. NMLS (169740) | *IL (MB.6760650) | **CA-DBO (60DBO55661) | FL (MBR1218) | IN-SOS (169740) | NM (-) | TN (113119) | VA (MC-5735) | WA-DFI*** (MB-169740) ILLINOIS DEPARTMENT OF FINANCIAL AND PROFESSIONAL REGULATION, 100 WEST RANDOLPH ST. 9TH FLOOR – DIVISION OF BANKING – MORTGAGE BANKING EXAMINATIONS, CHICAGO, IL 60601 PH # 312-793-3000 KERRI DOLL, DIVISION DIRECTOR. LICENSED BY THE DEPARTMENT OF BUSINESS OVERSIGHT UNDER THE CALIFORNIA RESIDENTIAL MORTGAGE LENDING ACT.
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