What loan programs are available for borrowers with “Good Credit”?
Perfect credit does have its rewards. Borrowers with good and above average credit can choose from a wide range of loan programs that are not available to others. Good credit borrowers have a broad selection of competitively priced loan programs to select from, as well as shorter processing times. Stated income, no ratio, and reduced documentation loans are just a few. Your credit score also may be used to determine the interest rate you get on your mortgage.