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kevintran · Joined: 10 Aug 2009 Posts: 1 0.19 Dollars($)

fha looks only for 620?

brownwalter09 · Joined: 10 Aug 2009 Posts: 37 0.00 Dollars($)

no. this is one of the criteria. apart from this they also check for:

debt to income ratio
credit history
your emplyment history

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

Hi, 620 is just for the credit score part of it. They will also want recent pay check stubs and bank statements apart from what is said above.

JKennedySLG · Posted: Mon Aug 10, 2009 12:22 pm Post subject:

Yes, FHA does only require a 620 credit score to qualify for credit worthiness. As stated above, there are a number of other factors which play a major part in qualifying aside from just your credit score. But, if you have a 620 credit score, that is a start. I hope this helps...

litisham · Joined: 23 Jun 2009 Posts: 116 -0.62 Dollars($)

620 is minimum credit score required for FHA.
There are few more things one should understand for getting FHA

Jimmymackin · Joined: 17 Aug 2009 Posts: 66 0.65 Dollars($)

FHA does not set the credit score requirment, the actual lender/investor who is going to fund the loan does.... FHA specifically states that they do not have a minimum credit score requirment. FHA will only ensure loans that are Underwritten to the FHA standards, lenders hedge their bets by only accepting higher credit borrower because they are less likely to have any issues getting FHA to insure the file. There are lenders like AFR, FGMC, and Mid Island that will go down to a 560 credit score or lower.

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620 fha?