Question

 What is the minimum FICO score for FHA?

Answer With most FHA, or Federal Housing Administration, lenders the minimum FICO or credit score allowed is 580. However, many lenders are requiring that a FHA borrower have a minimum score of 620, as op... Read More »
http://www.answerbag.com/q_view/1903309

Top Q&A For: What is the minimum FICO score for FHA

What is the minimum FICO score to buy a VA house?

The minimum FICO score required to purchase a home with a VA or Veteran's Administration loan is 580. However, many lenders require a minimum credit score of 620 in the current credit market.Source... Read More »
http://www.answerbag.com/q_view/1903392

What is the minimum FICO score needed to obtain an FHA mortgage?

The Federal Housing Administration has no firm floor on allowable credit scores as of July 2010. FHA's Assistant Secretary of Housing David Stevens proposed implementing a "two-step" FICO floor pla... Read More »
http://www.answerbag.com/q_view/2242039

What is the difference between a fico score&a plus score?

Since 1997, U.S. consumers can purchase their credit scores through the three major credit bureaus: Experian, Equifax, and TransUnion. Known as the FICO score, this number gives lenders an easy way... Read More »
http://www.answerbag.com/q_view/1909803

What is the difference between a Beacon score and a FICO score?

The Beacon score was the name for a credit score calculated by the Experian credit bureau. The Beacon score used an older scoring algorithm developed by the Fair Isaac Corporation. It has since bee... Read More »
http://www.answerbag.com/q_view/1904056


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