---

FHA Cosigner credit requirements

Author	Message
	Add to del.icio.us Add to YahooMyWeb Add to Simpy Add to BlinkList
kathrynbbc Joined: 16 Feb 2011 Posts: 2 1.58 Dollars($)	Posted: Wed Feb 16, 2011 3:57 pm    Post subject: FHA Cosigner credit requirements Like 0 Dislike 0 For an fha loan with 10% down what is the current credit score requirements for all borrowers/signers?
brian1 Community Expert Joined: 14 Jun 2008 Posts: 448 Location: Northern California 15.61 Dollars($)	Posted: Wed Feb 16, 2011 6:32 pm    Post subject: Like 0 Dislike 0 It depends on the bank but the standard these days for most banks is 640 - having a cosigner will only help with income as the score of the lowest borrower will be used for qualification - also a cosigners debts also get counted. There are a few banks that will still take less but you will likely have to go through a broker to get to them - I do not know of any national banks that still go below 640 B _________________ Licensed Broker 50 states http://www.aimwithfocus.com Live Chat available Need quick advise email or PM Glad to help Pre-approvals www.applyonlinesecure.com
tfaulhaber1 Community Expert Joined: 17 Dec 2009 Posts: 562 75.68 Dollars($)	Posted: Thu Feb 17, 2011 9:22 am    Post subject: Like 0 Dislike 0 You'll find most will require a minimum of 620-640. Being that you're putting more than the minimum down, most should/will accept a 620 credit score. _________________ Theo (Ted) Faulhaber 516-403-9116 516-634-4417 tfaulhaber (at) vanguardfunding.net

Quick Reply
Your Name
Subject
Image Verification	Enter the code above here : Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours

Page 1 of 1

---

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0