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Just Approved Terry Hastings Buyers with high credit score get home with mortgage insurance

Staff WriterApril 15, 2019

Mortgage banker: Terry

Hastings.

Home value: $410,000

Loan amount: $365,000

Loan terms: 4 percent 30-year fixed

Backstory: Hastings received a call from a couple who were referred by their Realtor. They were shopping around for a home, but they did not have 20 percent to put down. A friend had mentioned a Federal Housing Administration loan as their option, but would this help them?

Hastings collected their income information and ran their credit report. Their credit was very high and their salary was strong too. Hastings asked questions about how long they intended to stay in their home and explained closing costs to them as well.

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