You may have heard about this by now, but two major lenders have dropped their additional overlay requirements on FICO scores.  Overlay requirements are more strigent qualification requirements that lenders sometimes impose in addition to FHA requirements.  This is great news for first time home buyers who usually struggle with down payments and lower credit scores.  Read more here:

http://www.inman.com/buyers-sellers/columnists/kenharney/ficos-and-fha-2-big-lenders-loosen

Marc

Marc Austin Highfill
Exit First Realty
Office:  804-527-EXIT
Cell:  804-840-9824
Email:  marc@marcshomes.com
Visit our website at www.marcshomes.com to find out more information about our 99 Day Selling Guarantee