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kedimaki2 · Joined: 02 Jun 2009 Posts: 1 1.43 Dollars($)

I am a single male, I have been at my job for over two years and i've never been late on my rent for the two years that i've lived here. Never been late on my car note. So is 624 good enough to qualify me for an fha loan? Also I have no credit cards???

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

kedimaki2

Welcome to forum.

FHA requres 620 minimum.

So you are above that number and shoudl be ok for a FHA loan.

Good to know that you are current on all yoru payments and that will help you in the logn run.

Is there a reason why your score is around 624 when you do nto ahev debt or credit card balance?

jnoa · Posted: Tue Jun 02, 2009 2:50 pm Post subject: Advice

Yes you do qualify, but since you are near the edge I would recommend not opening any new credit cards or any accounts until after you close to ensure that your credit score remains where it is.

Good Luck

Guest

Okay, I am the original poster with the 624 credit score. My other quesion is, what do I need to do next? I don't know where to start???[/b]

jnoa · Posted: Tue Jun 02, 2009 3:41 pm Post subject: next step

The next step would be to contact either a mortgage banker or broker and go through the application process with them. If you live on the east coast you can contact me and I can point you in the right direction.

Guest

Okay thanks. I live in Oklahoma. Any info on the $8,000 first time home buyers credit? I appreciate everyone who has given me this info!

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

Hi, Well the numbers you provided dont seem bad and if all other finances are in good standing. Then you should go for an fha loan.

JKennedySLG · Posted: Tue Jun 02, 2009 7:01 pm Post subject:

If you are interested in beginning the process, you can get a quote here within the community. Follow the links for Mortgage Quote and a qualified lender will be in contact with you. I hope this helps...

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Is a credit score of 624 good enough for an fha loan?