FHA LOAN

Posted on: 15th Mar, 2009 07:58 pm

I HAVE A CREDIT SCORE OF 615. I HAVE 5 LINES OF CREDIT IN GOOD STANDING 2 OF THEN HAVE ONLY BEEN LATE ONCE,BUT THIS APPEARS ON MY CREDIT REPORT. I ALSO HAVE 3 MEDICAL COLLECTIONS 2 OF THEN EQUAL 5300 DOLLORS IF I PAY THIS OFF CAN I BE APPROVED FOR A FHA LOAN

Total Reply : 5

Hi JAYJAY,

In order to get a FHA loan, you should have a credit score of 620. Moreover, with late payments and collections on your credit report, it may be difficult for you to get a FHA loan. I would suggest you to improve your credit score first and then look out for a FHA loan. To know more about improving your credit score, check out the following link:
http://www.mortgagefit.com/credit-rating/credit-repair.html

Thanks

jameshogg

Posted on: 15th Mar, 2009 09:42 pm

I question whether Mortgage man can help himself let alone his customers.

eric1

Posted on: 16th Mar, 2009 07:27 pm

yes u are able to get FHA loan your credit score i not bad ....but your credit score i 615 if ur credit score is620 u are accptable and you can apply for FHA loan .,,,,,,,,,,,,,,,,,,,,
i suggest u to inccrease a little bit your credit score ...........
hope u like my suggestion.......
thanks and regards
kas

kas_mah80

Posted on: 27th Sep, 2009 04:05 am

HELLO JAYJAY

IF want to get fha loan you need to improve your credit score it will be 620 then u will get fha loan
thanks

stev998

Posted on: 27th Sep, 2009 05:56 am

Your credit score is fine. You might need alternate trades to show your ability to pay debt on a monthly basis. How much do you make annually? Do you have money to put down? FHA requires 3.5% down payment unless its the good neighbor program. tfaulhaber@lendamerica.com

Anonymous

Posted on: 29th Sep, 2009 03:34 am

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