Below 640 Credit
Unlike most lenders, Academy Mortgage is still offering loans for borrowers with scores below 640. Because of investor tightening of guidelines and policies, the ability to get financing when you score is below 640 has become very difficult. Academy Mortgage is here to help. Academy is offering VA and USDA loans down to 620 credit scores. Academy is also offering FHA loans down to a 620 credit score if the following criteria is met and the underwriter finds the loan acceptable:
- Borrower cannot have high debt ratios
- Must have 2 months of reserves
- Fixed Rate loans only
- 1 unit primary residence only
If your score is below 640 and you are looking for an Atlanta Mortgage loan, call us and see if we can help. If you are below 620, we may also be able to help with some minor credit repair or help set you up with a professional credit repair company.