Fairway Wholesale Lending Lowers FHA and VA minimum FICO to 600
Brokers, your homebuyers can now take advantage of Fairway Wholesale Lending's lowered 600 minimum FICO® scores when qualifying for an FHA or VA home loan!
As you know, credit availability has been tightfisted as median FICO scores for current home purchases are still well above pre-mortgage crisis levels. Meanwhile, homebuyers are making smaller down payments and seeking more flexibility with the popularity of down-payment programs such as FHA and VA loans, which are widely used by first-time homebuyers.
Ready to learn more about the lowered FICO score on Government Loans? Contact your Account Executive for more information. Interested in learning more about becoming an approved partner with Fairway Wholesale Lending? Visit https://www.wholesalethefairway.com
"Fairway Wholesale's leadership has looked at opportunities to create more choices for our Mortgage Brokers, Correspondent lenders and the clients they serve. We are excited about this step to lower the minimum FICO score on FHA and VA loans so that you can continue to pass the benefit of homeownership to more clients in your communities, we're in this together,"
FHA Lender ID: 7950700001
VA Lender ID: 7951870000
MERS Org ID #: 1003924
VA Lender ID: 7951870000
MERS Org ID #: 1003924
