What is the minimum FHA Fico Score?

While HUD doesn't use FICO in determining a borrower's ability to repay, the lenders that use HUD's FHA underwriting guiidelines do. You will find almost all lenders requiring a minimum FICO of at least 620, up from 580 in 2008. 

If you have a FICO below 620, and you are not alone in this situation, we would suggest focusing on fixing the credit and getting it above 620 vs. finding a lender willing to do the loan at a sub 620 score. Anyone willing to take this risk is going to tack on exceptional fees 

 

 

Group 1 Tab

Digg!

LiveChat Volusion

Free Mortgage Consultation

Fill out our form below and a mortgage professional will contact you shortly.
Generated with Mad4Joomla Mailforms Version 1.1.9.1
Name*
Email*
Credit
Zip:
Loan
Phone
* Required information.
Bankapedia