What types of loans qualify for a loan modification?
All Nevada loan types qualify. This includes the option arm/neg-am, adjustable and fixed rate loans. A very common hardship for our clients is when the interest rate on their loan is about to adjust. What types of borrowers qualify for a loan modification? It is important to have income, whether through a job or self-employment. NOTE: Nevada borrowers that qualified for a Wells Fargo loan under the stated income program can qualify for a Wells Fargo loan modification. What type of credit score is required to qualify for a loan modification? The actual credit score is not important during this process. And we work with all sorts of credit situations. It’s critical you have an accurate list of your current credit balances and monthly minimum payments. The lender will review your credit information during the process. Can I qualify for the Obama Home Loan Modification Plan at Wells Fargo? In order to qualify, the home must be your primary residence. Second, the first lien must be no great
