July 9, 2020

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Articles Tagged With: FHAFHA FICO Requirements

Mortgage Industry Seeks Federal Relief For Borrowers

More FHA Credit Score Questions And Answers

In our previous blog post, we examined some common FHA loan FICO score questions and answers. Here are some more things you should know about FHA home loans, the FICO score requirements for them, and more. Is There A FICO Score Too Low To Be Approved For An FHA Loan? Lender standards will apply above and beyond FHA loan rules in this area. Technically speaking an FHA loan applicant with a FICO score of 500 or less is not eligible for an FHA-insured mortgage loan. Lender standards may be higher than this, however, and borrowers with FICO scores in the 500 range should seriously consider calling the FHA directly at their toll-free number 1-800 CALL FHA to get a referral to a local, HUD-approved housing counselor who can assist with | more...