The lender also has marginally extra stringent eligibility necessities than some of our other best picks, which include several many years of credit background, secure cash flow, and number of or no payment delinquencies on your credit score report.
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“The identical underwriting suggestions implement to retirees and seniors as does to All people else,” states Michael Becker, branch supervisor and loan originator at Sierra Pacific Mortgage loan in Lutherville, Maryland. “They must have the potential to repay the loan — that