June 13, 2024

FHA Minimum FICO Score Requirements Meaningless To Many Borrowers

A borrower’s credit score is one of the most important factors in determining FHA loan approval. ┬áNot having a sufficiently high FICO score is one of the primary reasons that a borrower will be denied FHA financing. Late last year the FHA established minimum FICO score requirements. ┬áThe FHA guidelines, however, are meaningless for many […]