Sentences with phrase «stringent than the scoring»

This is because the scoring criteria that mortgage lenders use is more stringent than the scoring criteria that is used by the online tools.

Not exact matches

Less stringent requirements than banks: Lending Club requires a minimum credit score of 600 and collateral only for loans over $ 100,000.

While some banks may enforce less stringent credit score requirements than the others, a positive credit history is a must - have to be approved for an unsecured personal loan.

• More lenient qualifying terms: Obtaining a VA loan is easier than a conventional loan, as the standards for income and credit score as not as stringent.

Less stringent requirements than banks: Lending Club requires a minimum credit score of 600 and collateral only for loans over $ 100,000.

Kabbage has much less stringent requirements than Fundation, only requiring a minimum age in business of 1 year, an annual revenue of $ 50,000 and no minimum credit score for a line up to $ 100,000.

We've previously commented on the phenomenon of «investor overlays,» which occur when FHA lenders require higher credit scores or more stringent underwriting criteria than FHA requires.

While VA loans feature less stringent guidelines than other loan programs, lenders are looking for a score of at least 620 in the current economic climate.

Because the VA provides strong guarantees to lenders the credit score requirements for VA loans are generally less stringent than with other forms of financing.