December 8, 2022

Why FHA Borrowers With FICO Scores Below 620 Can’t Get Approved

FHA mortgage programs are the most lenient in the industry and borrowers with low credit scores have frequently had no other options except FHA financing. Current FHA guidelines state that borrowers with credit scores above 580 are qualified for FHA financing with only a 3.5% down payment.  The reality, however, is quite different as very […]