Tuesday, June 03, 2008

620 credit score or 580 credit score, FHA Saves the Day!

This is just another one of those fha saves the day posts about the 620 or the 580 credit score. Why do they type about fha mortgage loans and 580 scores? Your score is higher than the minimum fha loan isn’t it?

Can the 580 borrower of an fha loan buy a house if it isn’t 620? This is an fha oxymoron now isn’t it?

FHA mortgage loans do not require a 580. FHA mortgage loans do not require a 620. This little piggy went to the market. This little piggy stayed home. This little piggy got an FHA loan with a score below a 580.

This doesn’t rhyme but you can buy a house with a 580 credit score and an fha loan.


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