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sofiarus07 · Joined: 19 May 2011 Posts: 6 2.42 Dollars($)

Are there any lenders who can close an FHA loan based just on scores? 660 score and very short credit history

gmakerley · Posted: Thu May 19, 2011 11:57 am Post subject:

Sofia, are you trying to qualify without using income or assets? There's no such program, if you're trying to do that.

sofiarus07 · Joined: 19 May 2011 Posts: 6 2.42 Dollars($)

No, I am trying to qualify without 12 months payment history. I have income, down payment and reserves. I was told that if I get and approval through an automated system, # and age of trade lines do not matter. I don't know if that is true. I read that an underwriters can still request additional documents even if apprication was automatically approved. Thank you

jameshogg · Posted: Thu May 19, 2011 8:34 pm Post subject:

Hi sofiarus,

You should have 2 years of employment history in order to qualify for any kind of loan - FHA, conventional or USDA. Unless you meet this requirement, I don't think lenders will be ready to offer you a loan.

Thanks

rithik · Joined: 24 May 2011 Posts: 11 0.00 Dollars($)

Hi sofia, You cannot meet the requirement without using the assets.

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