Although most lenders require a 600 score or even a 580 score, even if your score takes a dive, St. Louis Home Mortgage and Retention can go effectively down to a 560 score. That is great news for the people who have been paying their mortgages on time but just cannot get the positive effect to register on their credit score.
Loan-to-Value requirements are the same and so are Debt-to-Income ratios. There is a small adjustment to the interest rate but it is a very effective way to put yourself on the road to full credit recovery while saving money on your monthly mortgage payments.
