The lowest mid-score I have seen with all the recent subprime lender changes for 90% if 560. 85% down to a 540. If 85% doesn't work, he isn't far off from 90%. Have them get with a good broker who can run some credit score what-ifs. There often is only a couple of simple things that could bump up their score 10 to 30 points. Would save them a bundle in interest.
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Ron is a mortgage Loan Officer specializing in FHA and USDA loans but in 2008 due to all the owner financed notes on the market, began a new company that buys private mortgage notes. His note buying site is
http://www.sell-my-note.biz
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