RFG Reduced FICO Score Trial Programon September 26, 2013 3:01 pm under RFG News
Rehab Financial Group, LP is excited to announce the roll out of a new trial rehab loan program. This program is designed for qualified borrowers who may have credit blemishes do the country’s recent economic turmoil and down turn in real estate markets. Any borrower with a credit score over 620 will be considered for a loan under this program, provided the borrower can provide an understandable explanation for their credit defects.
Under this program, borrowers who meet RFG’s income and cash requirement will be evaluated for a loan, even if their credit score is below RFG’s prior minimum credit score of 660. Through this program, RFG hopes to be able to extend loans to otherwise qualified borrowers who experienced financial distress in recent years through no fault of their own.
These loans will be another chance for these potential borrowers to share in the up side of the recovering real estate markets, while rehabilitating their own credit at the same time. Under this loan program, borrowers will have access to rehab loans that have previously been unavailable to them.
RFG lends money to investors purchasing 1-4 family residential rehab properties for profit in the states of Pennsylvania, New Jersey, New York (all except the five boroughs of New York City), Connecticut, Delaware, Maryland, Virginia, North Carolina and South Carolina. Call us at 877-643-9066 to talk about this new lending program.Tags: Applying for a Loan, Credit, Customers, Lending