100% 546 Credit Score

The mortgage business never ceases to amaze me. Today was no different. We had been working on a loan for a borrower who has a 546 mid credit score. The borrower really wanted a 100% loan to purchase a home. I ran his scenarios through several automatic approval systems. Can you believe it? I got him a 100% approval from one of my best lenders at near conforming rates! He won't need to bring any money to closing either because we will allow the seller to pay his closing costs. Now that I know who to send these difficult loans to, I will be making alot of real estate agents very happy! So many of them have lot's of borrowers who were denied mortgages because of similar circumstances.