Beacon Lending - Mortgage Broker in Denver, CO

FHA GOLD Program Loosens Credit Guidelines for Subprime Borrowers

FHA has recently introduced a new FHA program for borrowers with less then good credit. This will greatly open up the floodgates to people who could not qualify for a new home mortgage in the past. Some of the highlights of this program are the following.

  • FICO scores down to a 500. 1 score is acceptable for Purchase, Rate and Term, and Cash out Refinance.

Any score under a 580 and you will need to put at least 10% down on your new home purchase. A score of a 580 or higher, you will only need the standard 3.5% down. If you are concerned about your down payment, and do not have 10% with a score lower then 580, we can point you in the right direction in regards to getting your credit reestablished.

Other highlights of this amazing program are

  • Non-occupying co-borrowers allowed
  • No tradeline requirements
  • Non traditional credit accepted
  • Back to Work Program Okay

If you have further questions and would like to inquire more, you can reach Brian Quigley at 720-524-3215.  This is an amazing product, and FHA understands that your credit history is not a true reflection of your ability to repay a mortgage.

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Beacon Lending

NMLS# 2085418
brianq@beaconlending.com
(720) 524-3215
2301 Blake Street Suite #207
Denver, CO 80205

Our office is located in the northwest area of downtown Denver just 1 block North East of Coors Field on Blake Street. Our building sits on the Northwest Corner of Blake Street and Park Avenue West.

Hours

Monday: 8:00 AM – 6:00 PM
Tuesday: 8:00 AM – 6:00 PM
Wednesday: 8:00 AM – 6:00 PM
Thursday: 8:00 AM – 6:00 PM
Friday: 8:00 AM – 6:00 PM
Saturday: 8:00 AM – 6:00 PM
Sunday: 8:00 AM – 6:00 PM
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