Sunnier Skies For Naples Home Buyers With Lower Credit Scores

Sunnier Skies For Naples Home Buyers With Lower Credit Scores

Eversince the recent recession, mortgage lenders have typically shied away from those potential buyers with the lowest credit scores, many of whom (106.5 million nationally) have a collection account on their credit report.  Collection accounts have historically negatively impacted one’s credit score, even if the account has been settled. The Fair Isaac Corporation (FICO) which is used by 90% of the mortgage lenders in determining credit worthiness/risk, recently changed it credit score calculation guidelines and is removing the negative impact of “settled” collection accounts, including those for medical services. I will be happy to explain the recent changes and help you identify those lenders applying the new calculations. To learn more about this recent change, Naples Real Estate and my special Buy and Fly Travel Incentive Program call me at 239-273-4006, email me at or visit my website at Fay Mlinarich, PA. Premiere Plus Realty.

Fay Bamond Headshot
Phone: 239-273-4006
Dated: November 12th 2014
Views: 213
About Fay: Fay Bamond, PA, Broker Associate, provides buyers and sellers in-depth local knowledge, technologica...

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