Home Buying in 73162>Question Details

mammakatof4, Home Buyer in McPherson, KS

We are trying to get a FHA loan, My credit score is 680 but my husbands is 550. Can this be done?

Asked by mammakatof4, McPherson, KS Sun Jun 29, 2014

Help the community by answering this question:


You can get an FHA loan with 10% down with a credit score as low as 530. Not all mortgage companies may want to handle this so plea give them the information up front or you can contact me and I will get you in contact with a lender who can.
0 votes Thank Flag Link Fri Jul 11, 2014
Complete a loan application with a local lender and find out if that lender has any loan products that will work.
0 votes Thank Flag Link Fri Jul 4, 2014
Both persons have to have a credit score of at least 580. Previously lenders were asking for a minimum credit score of at least 620 for a FHA loan. Recently they have began accepting 580.
0 votes Thank Flag Link Sun Jun 29, 2014
Most likely only if you try to qualify by yourself and not include him or his income.

You should be talking with a lender and not asking here where you will just get guesses.
0 votes Thank Flag Link Sun Jun 29, 2014
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