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McClurkan used the financing to replace a roof on a 50-year-old home he’s renovating in Broward County. mortgage lenders at risk. The lien can also make it difficult for borrowers to refinance or.
NEW FHA RULES MAKE IT HARDER FOR CONDO BUYERS TO QUALIFY FOR LOANS – At the same time, lenders are now expecting applicants to have higher credit scores to qualify for a loan, at least 620 to 640. A year ago, those scores could be as low as 540. The FHA provides.
Low mortgage rates spur many to try to improve credit scores – She paid off her car loan and. of Florida in West Palm Beach. Some lenders have been forgiving recent short sales as long as the buyers weren’t dumping a home so they could buy another, cheaper.
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SQUEEZED DOWN – Because higher interest rates have halted the refinancing boom, mortgage industry experts predict. below 7 percent-South Florida lenders expect the slide in loan volume to continue. Darrell.