Welcome to my Mortgage, Credit, and Real Estate Blog
Hello, my name is Greg Phillips and I have been closing mortgages since 1999. I write articles about these industries to educate readers. My goal is to keep the articles simple and as uncomplicated as possible. Please visit my website for additional information about my mortgage services.
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FHA Loans – Lenders Adding Higher Credit Score Requirements
Posted on March 9th, 2009 3 commentsThe FHA program that HUD makes available continues to have no credit score restrictions. However, nearly every lender in the secondary loan market has now raised their minimum credit score requirement on FHA loans to 620.
I had 2 lenders who continued to offer no credit score restriction and several others who allowed over a 540 or 580 through this month. All have switched to 620.
The dream of home ownership continues to get more restrictive however loans are still available and taking control of your credit as mentioned in my credit repair topic is a must.
3 responses to “FHA Loans – Lenders Adding Higher Credit Score Requirements”
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FHA Loans Lenders Adding Higher Credit Score Requirements | debt settlement program June 15th, 2009 at 12:16
[...] FHA Loans Lenders Adding Higher Credit Score Requirements Posted by root 33 minutes ago (http://www.blog.businesswithgreg.com) Mar 9 2009 fha loans lenders adding higher credit score requirements loans are still available and taking control of your credit as mentioned in my credit repair topic is a must you must be logged in to post a comment no trackbacks yet fusion theme by dig Discuss | Bury | News | FHA Loans Lenders Adding Higher Credit Score Requirements [...]
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fix your credit…
Wow – Did you see that Transunion went live with FICO 08 in February! Equifax is rolling it out this fall but Experian won\’t say when or even if they are releasing FICO 08….
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betty allen September 7th, 2009 at 15:20
do you know of any lenders who will accept a credit score of 618? I am trying to purchase a home and my middle score is a 618?
Thank you
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