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is fha possible with a 635 middle score? thanks

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

Hi, Yes FHA requires a minimum of 620 fico score. There are a lot of other factors that come into getting a fha loan. They will also look at work history, debt, bank statements, recent pay stubs. Hope this helps

jray34 · Joined: 31 Aug 2009 Posts: 2 2.01 Dollars($)

I'll have to disagree with the previous post, HUD does not actually set a minimum credit score, this may be the sponsoring lenders overlay setting this credit score requirement. You can read the 4155 available on HUDs website which includes the credit guidelines to obtain a FHA insured loan. In fact HUD/FHA loan program will actually allow the use of non-traditional credit should the repository credit report be not established enough, however it cannot be used to help offset bad credit if that is the reasoning for the low score. At any rate there should be lenders out there willing to offer you FHA financing with a 635 credit score depending on other factors that may weigh in on the actual credit underwriting requirement. I would suggest you speak with a broker/banker in regards to your options.

JKennedySLG · Posted: Mon Aug 31, 2009 8:49 am Post subject:

635 is sufficient enough to qualify for credit worthiness via FHA. Although there is no set credit score requirement, the reality is we do face minimum score requirements with 99% of the lenders doing FHA. As stated above, there are other factors but with the credit score being over 620 you are ok to at least submit an application for qualifying. I hope this helps...

catharin9 · Joined: 14 Jul 2009 Posts: 168 -0.14 Dollars($)

635 is good score to qualify for FHA.
It will be good score.

kbkevin2009 · Joined: 28 Jul 2009 Posts: 68 17.69 Dollars($)

FHA loan requires a minimum credit score of 620.. you can easily qualify for FHA loan with a score of 635...

kas_mah80 · Joined: 06 Sep 2009 Posts: 31 -0.11 Dollars($)

hi
yes ...........ofcouse FHA requirment starts 620 you are able to to get FHA loan.

sunnyca2009 · Joined: 04 Aug 2009 Posts: 1731 35.55 Dollars($)

Hi5 remember credit score is just oen factor which determines you qualification for the loan

Down payment, Incoem and your debt to incoemratio also other factors which may affect it

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