Posted on: 26th Feb, 2010 05:28 pm
OK if a lender has a min. of 620 and the low rate is 5.125 will a person with a score of teh 620 get that low of a rate or will it be higher ?
Yes. FHA doesn't have as many adjustments as conventional loans. At a 620 credit score you could probably get 5%. It depends on the lender you're working with.
