I'm always available to meet you in person should you need someone reliable and honest to help you. Good luck!
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Senior Loan Officer
STERLING NATIONAL BANK
310 Crossways Park Drive
Woodbury, NY 11797
(516) 606-9648 Cell
(516) 740-4478 Office
(516) 918-5383 Fax
Actually FHA does not insure loans on co-ops, but approved condos are OK. And yes, most lenders require a minimum mid-score of 640 to receive all the benefits of an FHA-insured loan such as 3.5% down payment, financing up to 6% of the closing cost in your mortgage and getting the most liberal underwriting guidelines. Some lenders accept 580 or lower mid-scores but usually with higher down payments, higher interest rates and more restrictive underwriting.
I agree with Xavier, it's best to meet with an experienced loan officer who can assess your situation and offer personalized solutions rather than general info that we are limited to in these online forums. My free consultation includes time-tested advice on improving your credit profile to get the best interest rate and the right mortgage.
I can be contacted directly at 917.699.0183 or email@example.com for questions or assistance.
Please hit best answer if my reply was helpful. All the best.
Senior Mortgage Banker
The Federal Savings Bank
Nationwide Direct Lender