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While 100% Financing Was Very
While 100% financing was very common with credit scores under 600, now this is very uncommon. Many lenders now require a 620 score or above to obtain 100% financing. However, there are programs out there such as the fannie mae’s expanded approvals, flex programs, and home possible programs that will provide 97-100 percent financing with credit scores under 600, with compensating factors.
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