What is the lowest credit score you can have to get an FHA mortgage .?

Question

I nervous about checking it out . Ihave a family of 7 kids and need a house. My low score is a 486 and high at 541 .I'm currently disputing , but don't know how much luck I'll have please help if you can.

MY DEBT TO INCOME RATIO IS FINE.

Answer 1

You can get it, just not a good rate with your current score. And there are ways to boost your FICO scores in a few months. I can help you with it. I work with a big direct lender/mortgage broker doing business in 48 states, and because the huge volumn of business we do, we get better rate than smaller brokers. We have over 200 loan programs to meet the needs of different situations, from good FICO score and good income and down payment, to poor FICO score and NO income (called "stated income") and NO down payment, so I will be able to find the program which best fits your needs. Contact me at [e-mail] or 408-476-0455 and I can help you. Jessica

Answer 2

to the lady above..WRONG FHA is using your credit score more and more. It is your middle score is the one that count. But check it out it may work. Make sure your credit is clean no charge off bk etc. With a 580 score I can do 100% plus 6% for closing cost but you need to go full doc. (W2 )If you have any questions please email and I will answer them [e-mail]

Answer 3

FHA, probably a 630

You may need to go conventional and pay a high interest rate. Find a realtor in your area who can help get you in touch with lenders who may help

Answer 4

wow, I highly doubt your going to get a house...

Its your debt to income ratio they care about, not so much your credit score...You need to work on actually making more money, so that THAT is lowered, or more balenced I should say...and then you can work on getting a house...