FHA Credit Score needed to buy
a house or refinance
FHA loan requirements new borrowers with less than a 580 credit score will be required to put down at least 10%
FHA requires a minimum credit score of 500 to buy a home or refinance
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
What documentation will I need?
- W2's or Personal tax returns for 2 years
- Current pay stubs for the past month
- Bank statements for last 2 months (all pages)
- Clear copy of Driver’s License (front and back)
- Clear copy of SS card (front and back)
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Dec 04, 23 06:59 PM
Dec 04, 23 06:58 PM
FHA after foreclosure. At least three years must have elapsed since the foreclosure has been resolved. In order to qualify for an FHA loan you must have re-established credit and have a minimum 500 cr…
Dec 04, 23 06:57 PM
VA application. No money down 100% financing. VA application 500 minimum qualifying credit score. No credit scores are allowed. Owner occupied properties only. Lowest representative score.
New Jersey Location
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