+1 vote
asked Feb 12 in General Financing by Steven

1 Answer

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You can qualify for FHA LOANS with under 580 credit scores and down to 500 FICO with 10% down payment on purchase.  However, you need approve/eligible per Automated Underwriting System Findings.  To get an approve/eligible per AUS FINDINGS, you need no late payments on any debt payments for past 12 months.  Judgments is allowed with 3 months of seasoned payments with written payment agreements from judgment creditor.

Gustan Cho NMLS 873293
Branch Manager
The Gustan Cho Team at USA MORTGAGE
www.gustancho.com
answered Feb 12 by GustanCho (106,540 points)

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