You do NOT need a 620 score to qualify for an FHA loan. Bank of America Home Loans does not have a minimum credit score for an FHA approval. We are one of the only national banks I know of that does not.
As for rate, another great thing is that we do not have any significant pricing adjustments for FHA rates. Meaning that you essentially get the same rate at a 580 as you would at a 780.
30-year fixed rate today = 5.25-5.5%
$550 Lender Fee
Feel free to call me if you have any questions.
Bank of America Home Loans
Devan Reaves - Mortgage Consultant
North American Financial
O: (702) 407-9335
F: (702) 407-0035
Cell: (702) 624-3993
Rosen & Company West
Cornerstone Home Lending
702*521*6350 Tell him Felipe sent you.