Mortgage Loan

Wells Fargo Lowers bare minimum Credit rating Scores on their Mortgage loan loans!





Credit rating scores five hundred – 579 bare minimum down payment of 10% required.
Credit rating scores 580 – 599 bare minimum down payment of 5% required.
Credit rating scores of 600 and bigger bare minimum down paymennt of 3.5% required. If you have any queries or are interested in acquiring pre approved make sure you make contact with me and I will link you with a Wells Fargo Personal loan Officer that I do the job with.Thank you!

11 comments

  1. retrive my message

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  2. is this still available for the year 2013? my husbands lowest score is 580 the other 2 are in the 6 hundreds please email with a response 

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  3. There are programs that the each state helps owners with. In California there are programs where the state helps, but in today's competative market, with low inventory in properties it's difficult to get these types of offers accepted. You need to have your own down payment and be able to pay your own closing costs in order to have a chance at getting your offer accepted. Also must over bid on asking price.

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  4. Yes they are. If you're interested please contact me at 818.209.5383 or email me at Jorge.A.Rodriguez@Live.com. Thank you.

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  5. Is it the same with personal loans?

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  6. Are these rates still applicable?

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  7. ARe they still doing these types of loans?

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  8. what about first time buyer? is there a way to get a loan without down payment? Does the government help to first time buyers?

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  9. @JorgeRealtor Thank you for the response. I think I might go FHA

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  10. @johnmonk66 Hello John in order for you to qualify for a conventional loan 3% or 5% of the down payment has to be your own money. Meaning that these funds must be seasoned in your bank account for at least 2 months. If all of the down payment is a gift you will have to use the FHA financing option. I hope this answers your questions.

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  11. I have 20% to put down, its a gift, so they tell me I need a score of 600.
    But I fixed my credit score, it is up above 640 now and still climbing(just paid 70% of my credit balance), so I expect my scores to near 680 or more by next month. Question is, do I have to get an FHA loan, or will I qualify for a regular loan?
    thanks

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