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Oklahoma County housing finance staff to ask US Bank about lowering credit minimum after 0% delinquencies
Summary
Trustees heard that the county's approved lender list has grown to nearly two pages, rolling 12-month lending is about $31 million with 0% delinquency, and staff will ask US Bank whether the minimum credit score for down-payment assistance can be lowered to 640.
Oklahoma County trustees heard an update on the county's housing finance program that showed a growing approved-lender list, a rolling 12-month lending volume of about $31,000,000 and 0% delinquency over the period.
Housing finance staff told trustees the approved lender list has expanded to nearly two full pages and that October and December were the program's largest months last year. The presenter said the program remains on track for roughly $31 million in rolling 12-month volume and reported no delinquencies.
The presenter said a town-hall attendee asked why the…
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