Home arrow Mortgage Forums arrow Loan Talk for First Time Home Buyers arrow

fico requirement

Author Message
Icon Mini Profile Mariogarcia





Joined: 21 Sep 2009

Posts: 1

0.11 Dollars($)
Post Posted: Mon Sep 21, 2009 11:32 am    Post subject: fico requirement
Like 0
Dislike 0

fha requires only a 620?
Teddleson

Guest







Post Posted: Mon Sep 21, 2009 11:39 am    Post subject: FHA REQUIRES ONLY A 620
Like 0
Dislike 0

The credit score requirement for FHA differs from Lender to lender. Most lenders require a minimum credit score of 620. You can still find companies that will lend on sub 620 credit scores.

[External link deleted as per forum rules]
Icon Mini Profile jenkin7
jenkin7




Joined: 04 Jun 2007

Posts: 4537
Location: Hawaii
728.43 Dollars($)
Post Posted: Tue Sep 22, 2009 1:39 am    Post subject:
Like 0
Dislike 0

Hi Mariogarcia,

It is true that for FHA loans you need to have a FICO score of at least 620. But apart from that, you also need to have a fair credit and good payment history. You should not have had any late payments within the past 12 months and there should not have been a foreclosure or a bankruptcy within the past 2 years.
Quick Reply
Your Name
Subject
Image Verification


Can't read the image? click here to refresh
Message body

All times are GMT - 7 Hours
Page 1 of 1

 
Highlights
Bookmark this page
Share |

Helpful References
Mortgage Guide
Mortgage Terms
Mortgage News
Book Center
Shop and Compare lenders
30 Yr. Fixed Vs. 5/1 ARM


Calculators     [View all]
Are you eligible for loan?
How much you can afford?
Calculate monthly payment
Calculate APR


Financial Tools
Credit Repair Tool New
Mortgage Planner
Simple Budgeting Tool


Our Community
MortgageFit Blog
Community Professionals
Community Rewards
Introduce yourself
Website tools


Community Rewards
Five simple ways to earn money with the Mortgage Community.

MortgageFit on Twitter

Followers (265)








Community Chat

We have chosen to apply the Creative Commons Attribution License to all works we publish. This work is licensed under cc by 2.0
Page loaded in 21.068 seconds.