Alternative Credit & Home Loan Approval

There are basic credit requirements that each Phoenix area mortgage applicant must meet in order to obtain loan/mortgage approval. Each different type of home loan (FHA, VA, Conventional, USDA and JUMBO) comes custom fit with its own set of credit guidelines or “rules." When applying for a mortgage with an Arizona Mortgage Lender, a buyer may need to "beef" up or strengthen their traditional credit profile (the one that shows on their credit report) due to the fact that they either do not have … [Read more...]