St. Louis Mortgage Help

Did you know that FHA allows for credit scores down to a 500 score? Then why are you hearing from other lenders that they can't help you unless you have a 640 credit score? Because of their own overlays to the FHA underwriting guidelines or because the mortgage loan officer has no ability, knowledge, experience, or mostly they just don't want to mess with it.

I have been a mortgage loan officer and/or FHA underwriter since 1996 and every month it seems that I am helping new home buyers who were turned down, turned away, or thought they could not qualify.  

Did you know that FHA provides a list of compensating factors that you as a borrower can bring to the application to off-set the bad credit items. Go to my website at www.bobrutledge.com and under TIPS and TOOLS you will find everything you need to know about compensating factors......I would bet that you already have one or two compensating factors to improve your situation, and that is normally enough to get you approved.

Did you know that there is a FORMULA to approve borrowers if the automated underwriting system turns down your application. With most lenders when the 'machine' turns you down that's the end, they have no ability to have a real human Underwriter review your application and apply a common sense approach to you and your circumstances.

FHA came out with a formula that tells the Underwriter that if you match up to what the formula asks for in regards to your exact situation then you are an automatic approval. That's right, an automatic manual underwriting approval! Want to learn more about the Formula? CLICK HERE

I know that we have all heard that it so difficult to get a mortgage today and especially so if your credit is less then perfect, it can be if YOU are not doing your homework ahead of time. Go to www.bobrutledge.com and do your homework now so that you can purchase your next new home now or soon.

Then contact me, I want to help, I want to be there from the start to the end, I want to see you closing on your next new home.