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Can i go for a fha loan as long as i have 630 fico... i also have good income and good work history.

Garysnober · Joined: 17 Mar 2009 Posts: 450 15.29 Dollars($)

Hi, Having a 630 fico is enough for an fha loan as they only require 620 minimum fico score. Having good income and good work history is 2 of the other things they will look for. They will also want to see recent pay stubs and bank statements.

Realgeni · Joined: 13 Apr 2009 Posts: 1434 99.76 Dollars($)

Guesy

You can for sure go for FHA loan.

Make sure your DTI is not high

Good luck and feel free to ask

JKennedySLG · Posted: Tue Aug 11, 2009 9:39 pm Post subject:

620 and above credit scores qualify for FHA. With FHA, there is a 3.5% down payment requirement (which may be a gift).

As stated above there are other factors like income and assets. The lender may also require 12 months rent verification. The amount you qualify for will be dependent upon your income compared to your debts as well as the mortgage payment to be carried.

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