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. While most banks stop considering loan approvals at a below 640 credit score, at Cornerstone First, we have the ability to go to 580 on both VA and FHA Loans. That is correct! Our 580-640 loan programs can result in loan approvals with a 580 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.
Highlights of 580-640 Loan Programs include:
FHA Highlights:
– Minimum credit score 580
– 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 580
– 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
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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.