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asked 5 days ago 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 5 days ago by GustanCho (57,790 points)

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