Good Credit Home Loan - Mortgage brokers are the source for good credit home loans. They work with nationwide lenders that have home loan programs specifically for people with good credit.
If you have a credit score between 620 and 680, this is generally considered good credit.Many times mortgage brokers will refer to borrowers with good credit as "A" borrowers and be able to offer them a wide array of products due to the good credit rating they have achieved.
With good credit loans you will have programs with higher LTV (Loan-to-value - meaning less down payment), less documentation and better rates available to you.
A borrower with good credit is less risky for the lender. The lender can reward that lack of risk with such things as a lower rate of interest, lower loan originating costs, higher loan to value ratios or less stringent ways of proving the borrower's income.
There are different types of 100% loans. You can
either get 1 loan for 100% or an "80/20" loan. Speak to your mortgage
professional to see which program is best for you!
