What is the minimum score to qualify for an fha loan

FHA does not have a minimum credit score, however FHA does not lend money, they only insure loans against default.. the lender who do have the $$$, will oftentimes have their own rules above and beyond FHA.. it's these overlays that prohibit low scores for home loans.. this all being said, there are lenders out there that will look at scores in your range.. Understand that when it comes to mortgage finance, all 3 credit bureaus will be looked at, and it's the mid score they will use.. If the mid score is below 580, FHA requires 10% down.. keep in mind that it take more than a credit score to qualify for a mortgage.. income, job, derogatory credit, judgments, tax liens, unpaid student loans, etc.. your complete profile is needed to determine eligibility.. I have had borrowers who had 760 scores but could not get approved because of credit deficiencies.. the best advice I can give you is to contact a local mortgage broker and apply with them.. once they look at your complete profile, they should be able to let you know exactly where you stand.. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. 480-287-5714 WilliamAcres.com

Dear Mark,580 is all that's required by FHA guidelines, but you may need some compensating factors like long-term employment, a low DTI, liquid reserves, etc., to satisfy investor requirements. Give me a shout and we'll gather some information, share some ideas and see what we can do for you. My mobile # is 781-258-1293.Thanks, Scott