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naderrr · Joined: 16 Jun 2009 Posts: 1 0.31 Dollars($)

can i get a fha loan with 628 fico score???

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

naderrr

Welcoem to the forum

Yes you can absoutley get FHA loan with 628. Minimum requirment for FHA is 620. All you need to show is enough income to make the monthly payment including the MIP or PMI

Good luck and feel free to ask

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

Hi Nader, A score of 628 is good enough to qualify for an fha loan. There is alot of other stuff that goes into qualifying for a loan as in income, debt, work history, bank statements.

manoj_gopale · Joined: 16 Feb 2009 Posts: 488 0.00 Dollars($)

Apart from credit score (minimum 620 ) one need to fulfill following requirements in order to get FHA loan.

regular employment

30% of your current gross

same or increasing

Above mentioned requirements are basic one,you need to apply for the FHA loan if you meet these basic requirements.

gunzijjistaff · Joined: 07 Apr 2009 Posts: 712 4.51 Dollars($)

Hi naderrr,

Welcome to our forum.

628 credit score is sufficient to qualify for FHA (Federal Housing Administration) loan.

Minimum Requirements to Get FHA loan mentioned below.

1) The minimum required credit score to get FHA is 620.

2) You must have earlier bank statements.

3) You have to made 3.5% on purchase.

4) Other basic terms & condition will be apply by your location & Etc.

Thanks & Regards.

Very Happy

robertsmith2005 · Joined: 22 May 2009 Posts: 338 -0.48 Dollars($)

you can qualify but check for other conditions

brian3 · Joined: 09 Jun 2009 Posts: 80 21.31 Dollars($)

I think what most people are trying to tell you is that the credit score alone does not determine whether or not you qualify. Your income and assets also come heavily into play for any mortgage. Your fico does qualify, hopefully the rest of your scenario will meet guidelines and you can take advantage of the first time homebuyer tax credit, excellent mortgage rates and a plethora of homes to choose from at more affordable prices then the past couple of years. Good luck in your search. brian

gmakerley · Posted: Wed Jun 17, 2009 9:22 am Post subject:

ditto

nice word, brian: plethora

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

Yes i can agree with that brian, Im here in california and almost every street you go down here in southern california half the street is for sale hehe. And the pricest are very very reasonable.

gunzijjistaff · Joined: 07 Apr 2009 Posts: 712 4.51 Dollars($)

Yes,Brian is right. Very Happy

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

I think if you can waiti a littel longer probably you will be able to get the house for much more less price than what it is today

Lot of thigns to come out and lot of houses are expected to forclose in the next 6 - 18 months. All that means is that the pricess will go down further

Good luck and feel free to ask

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