Question : what banks/lenders are easiest to qualify for first time buyer home loans?
My husband and I are wanting to buy a house asap. We are curious which banks are known for approving the easiest. We have been prequalified to afford about $ 1200 a month, now we just need to get pre approved so we know what, and if, we can afford to look at. Credit history isn’t the greatest but we have been on time and in good standings for sometime now. Credit scores are around 630 and 650 each
first time home buyer loans

Best answer:

Answer by golferwhoworks
if you have been pre qualified that is the same as pre approved. It is not a commitment to lend in any shape form or fashion. That comes when you give the mortgage professional all that is needed and you have a home picked out with a ratified contract with final underwriting as a condition of sale. Once in underwriting that happens. The scores are fine for an FHA insured loan so get on with it and buy your home
I am a mortgage banker in TN