“Blueprint For Access” program provides incentives to improve credit score and overall accountability.
It’s understandable, especially for those who may have some credit challenges, to be slightly intimidated at the thought of talking to a lender about your credit history, especially when it seems the best loans and rates are reserved for those with “golden” credit. Or ARE they?
The Federal Housing Administration (FHA) recently released a new program designed to help those with lower credit scores obtain mortgage loans while rewarding them for their credit accountability.
The “Blueprint For Access” program was initiated late last year, and has already helped many buyers with less-than-perfect credit obtain home loans at competitive rates. Blueprint For Access helps potential home buyers work through their accountability issues through a counseling program called “Homeowners Armed With Knowledge” (HAWK). HAWK works to educate qualified home buyers about establishing (and keeping) good credit. It also works to establish clear “rules of the road” when it comes to maintaining good credit, and finally, the program rewards borrowers who complete the counseling program with a reduction of 50 basis points off of their up front mortgage insurance Continue reading FHA Program Helps Buyers With Low Credit Scores