1. FHA minimum credit score guidelines 2016.
2. FHA down payment guidelines 2016.
3. FHA first time home buyer guidelines 2016.
4. FHA loan guidelines 2016.
5. FHA underwriting guidelines 2016.
KEYWORDS:2016 Guidelines for FHA Loans, 2016 Florida Guidelines for FHA Loans, 2016 Florida Guidelines for FHA Loans, 2016 Florida Guidelines for FHA Loans, 2016 FHA Guidelines,
* FHA requirements new borrowers will now be required to have a minimum credit score of 580 to qualify for 3.5% down payment
* FHA loan requirements new borrowers with less than a 580 credit score will be required to put down at least 10%
Requires a minimum credit score of 500 to buy a home or refinance
A collection is minor in nature usually does not need to be paid off as a condition for loan approval
Chapter 7 Bankruptcy at least two years must have elapsed since the discharge date
Foreclosure must have been resolved for at least 3 years
Government loan: Seasoning is determined by the date the claim was paid
Loans other than Government: Seasoning is determined by the date of sale the lender sold the property
FHA guidelines requires three year past from the date of sale of the property