Do You Need Perfect Credit to Get a Loan?


Fact is, "perfect credit", "terrible credit", and "good credit" are very subjective terms. I've had borrowers assume their credit is poor because they paid their student loan or another mortgage 10 days past the due date - in reality, their credit was perfect (in case you're wondering, 740+ is considered perfect by most lending standards). Likewise, a "perfect" credit score doesn't translate to success if there's no credit history.

It's true that credit tightened up a few years back, but that's well behind us now. We're seeing programs come out for lower FICO scores nearly every day. FHA borrowers can get a loan with FICO scores well down into the 500's. A few missed credit card payments or student loan lates won't necessarily exclude you from getting a mortgage. 


. While the process may go a little smoother s for borrowers with great credit, those with some bumps in the road should not assume they can't get a mortgage. Chances are, they can, now or in the very near future.
More Lenders are willing to go the extra mile to get you approved.

I work with lenders every day that will do everything they possibly can to get you into a home. Call me today and let's get started in the process. 423 258 4830

Rose Mary Justice.423 258 4830 Cell
Elite Realty Group 423 307 8566 Office
Licensed in Tn
Equal Housing Opportunity

Dandridge Tn Homes for Sale and Dandridge TN Real Estate Real Estate For Sale - The Justice Team of Elite Realty Group provides services with Real Estate For Sale and Homes For Sale to home buyers and home sellers in Morristown Tennessee, Hamblen County Tennessee, Talbott,RussellvilleBean Station, Dandridge, Mooresburg and surrounding communities.