Mark Livingstone and
Cornerstone First Financial

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Low Credit Score 550+ Mortgage Loan Programs

Important Low Credit Score Loan Programs Update

At Cornerstone First Financial, we pride ourselves on being able to accomplish closing loans that other institutions cannot. With our broad range of programs and lending partnerships, we are your first choice for alternative types of financing that big banks consistently turn down. At one point when the Covid-19 pandemic affected our nation’s economy, it had forced policy changes that limited our ability to provide these kinds of services.  Today we’re happy to report that we are again able to serve those with low credit score challenges and offer a variety of comprehensive solutions – even for credit scores as low as 550!

That’s correct! At Cornerstone First, we have the ability to go to 550 on both VA and FHA Loans.   Our 550+ loan programs can result in loan approvals with a 550 credit score, for purchase or refinance! 
 
If you have been told that you are disqualified due to low credit score or challenged credit, then contact Cornerstone First Financial today to see what we can do for you.

Low Credit Score 550+ Mortgage Loan Programs home lending - chart displaying credit score ranges, low credit score, poor challenged subprime bad credit

Highlights of 550+ Loan Programs include:

FHA Highlights:

– Minimum credit score 550
– 55+ % DTI allowed
– Manual Underwrites
– 20% Appreciation allowed
– Back to Work program
– Blended ratios allowed
– Fixed Rates and ARMs
– Manufactured Homes are eligible

VA Loan Highlights:

– Minimum credit score 550
– 55+ % DTI allowed
– IRRRL with or without Appraisal
– 100% LTV Cash Out
– Manual Underwrites
– Fixed Rates and ARMs
– Foreclosure/Short Sale/Bankruptcy
– Manufactured Homes are eligible

 

Need a rate quote? Request a free rate quote here.

CONTACT US to speak to one of our knowledgeable mortgage loan officers or to receive more information on our home loan / mortgage products and services.

Cornerstone First Financial is a home loan lender serving Washington DC, Maryland, Virginia, Georgia, Florida, Colorado, California, and Pennsylvania with mortgage, FHA and VA streamline refinance loans, home improvement loans, HECM / reverse mortgage loans, and more.

That's right! Cornerstone First Financial started in the Washington DC area in 2001, but has grown to serve home buyers and homeowners in Maryland, Virginia, Georgia, Florida, Colorado, California, and Pennsylvania in recent years.