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creativehomebuyingsolutio · Joined: 27 Aug 2009 Posts: 1 1.43 Dollars($)

I am looking for a lender that will work with a sub 620 fha score.

smithsara302 · Joined: 12 Jun 2009 Posts: 116 -2.38 Dollars($)

you will get FHA as score is 620.

But do u have parmanent job?

JKennedySLG · Posted: Thu Sep 10, 2009 9:54 am Post subject:

Where is the property located?

I have a couple of lenders who will consider loans with a FICO below 620, with strong compensating factors. I cannot state enough these loans are all case by case and are based solely on the underwriters discretion. I hope this helps...

smithsara302 · Joined: 12 Jun 2009 Posts: 116 -2.38 Dollars($)

Local lenders are definately helpful.

gmakerley · Posted: Sat Oct 17, 2009 8:30 am Post subject:

generally, if a loan can be put through automated underwriting and receive findings of "approve/eligible," with other compensating factors, then the score isn't all that relevant - but this is only for some lenders. many lenders are sticking with the 620 minimum. investors are risk-averse and don't wish to take too many chances, especially in these times.

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

yeah local lenders helps you in this case you want to contact local lender ,
regards

great_captcherz · Joined: 18 Oct 2009 Posts: 9 -1.41 Dollars($)

hi,

you have parmanent job or bussnes ?

if yes then you can get loan easily ,hope you can understand and talk with lender that will also suggest you the right way.

theofaulhaber · Posted: Thu Oct 22, 2009 2:30 pm Post subject: CREDIT SCORE REQUIREMENTS FOR FHA

Credit Score Requirement for FHA loans is 550

gmakerley · Posted: Sat Oct 24, 2009 6:48 am Post subject:

but for all those with scores between 550 and 619, keep in mind that doesn't mean you'll get approved. there are far more factors involved that will cause a loan to be approved or denied, not the least of which is automated underwriting.

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