Will Fannie Mae approve my loan?
My credit score is currently 611. I am getting a late payment removed from my report, so my score should go up. I went to the loan office today and applied. I brought with me my letter from my credit card company saying they had sent the request to the credit bureaus asking to remove my late payment. So anyways, I went today, fill everything out but im worried whether or not i will get approved. Has anyone gotten a mortgage loan approved from Fannie Mae with lower then a 620 score? The loan I’m looking to get is for $ 55,000. Thanks!