what is really behind products branded as such. Different lenders have
different standards and requirements for their FHA " insured " Loan Product.
In theory FHA can insure Loans to borrowers with considerably less than 600. FHA
criteria for the issuance of their insurance is not "credit score driven" They allow
a number of compensating factors to be considerered in evaluating "credit worthyness".
Credit Score issues surface with individual lender's company "overlays".
In selecting a lender make sure they are approved to originate FHA Loans and have
the underwriting experience and willingness to lend effectively with added flexibility.
The lender you are looking for will want to examine a number of factors in addition
to a credit score to support your application. Get an "approved lender " they can
they can help! Ssee what FHA says too! at Hud.gov Much success!
BOB BRUBAKER HIGHLIGHT REALTY PALM BEACH COUNTY FL. 561-876-6649