Are you looking to purchase a home in Welches, Government Camp, Rhododendron, or Brightwood? Know your credit score! Sun Trust one of the main lenders through Fannie Mae and Freddie Mac is requiring a minimum credit score of 660 to receive ANY loan. (loans under $417,000) Loans greater than this amount fall into the Jumbo catagory. Brokers are telling us the rest of the lenders will follow this trend. FHA loans will still allow 620 credit scores.

It is advisable for any buyer to go out and get a lender approval prior to purchasing a home so you know, not ony what you can afford, but which type of loan you will qualify for.

Credit is VERY IMPORTANT! Watch your credit score.