---

Minimum Credit Score to buy a house or refinance

* 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%

FHA Credit Score

Requires a minimum credit score of 500 to buy a home or refinance

Apply Now!

Collection accounts

A collection is minor in nature usually does not need to be paid off as a condition for loan approval

Bankruptcy

Chapter 7 Bankruptcy at least two years must have elapsed since the discharge date

Foreclosure

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

Short Sale

FHA guidelines requires three year past from the date of sale of the property

Call Now, Our Staff is Available

888-958-4228

Apply Now!

Recent Articles

• 
• 
• 

1. FHA Loans

   Dec 04, 23 06:59 PM

   
   FHA loans

   Read More

2. FHA After Foreclosure

   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…

   Read More

3. VA Application Online Apply For A VA Loan Online Application

   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.

   Read More

---

---

New Jersey Location

Call Now, Our Staff is Available!

800.516.9166