FiCO and FHA- Wells Fargo and Quicken loans are loosening up requirements for Buyers.

The past few years my buyers have been a little upset about the enormous amount of  paperwork and hoops one must jump through to get money. It looks like two lenders are trying to find some middle ground b/n liar loans and traditional lending. Great article about Wells Fargo and Quicken they will now lend to applicants  with 580 FICOS and 3.5% down payments. This is huge for buyers. Check out this article in INMAN NEWS.




loosenhttp://www.inman.com/buyers-sellers/columnists/kenharney/ficos-and-fha-2-big-lenders-loosen

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