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Is Perfect Credit Required For A Mortgage Loan? : Mortgage Loans, Rates, Home Buying, Selling, Foreclosures

Is Perfect Credit Required For A Mortgage Loan?

As Fannie Mae has said in its regulations, “Generally, a history that consists of a minor, isolated instance of poor credit or a late payment can be considered as meeting the intent of excellent credit — as long as it is satisfactorily explained and the borrower has other credit accounts with excellent payment records.”

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