The 8 Best FHA Lenders to Use in 2018
the balance website included CMS among “The 8 Best FHA Lenders to Use in 2018”
On Nov. 9, 2018, the balance website included CMS among “The 8 Best FHA Lenders to Use in 2018” and named CMS “Best for Poor Credit,” because we’re a large mortgage lender dedicated to working with potential home buyers who need to take advantage of the FICO 500 low credit score threshold allowed by FHA. According to the article, that makes Carrington a top choice for borrowers struggling for approval or those with a series of mistakes living on their credit report.
During 2017, according to data from HUD, the FHA backed more than 725,000 first-time buyers. In August 2018, the average credit score for an FHA purchase mortgage was 676, while those who refinanced had an average score of 658. That’s a good fit for our Carrington Flexible Advantage, Carrington Flexible Advantage Plus, and Carrington Investor Advantage non-QM loans. Read the article here.