Posted on: 10th Oct, 2010 05:04 pm
wondering if anyone knows of a lender that does a credit score of 630 for an fha or usda loan for michigan resident
Hi lehrfamily,
With a credit score of 630, you'll be able to get a FHA or a USDA loan. You should contact the Michigan based FHA or USDA lenders in order to get the mortgage. However, you shouldn't have much negative items on your credit report if you want to qualify for a FHA or USDA loan with such low credit score.
This community has a large number of lenders. You can seek a no obligation free mortgage quote from them in order to find out what type of rates and terms you'll get.
Thanks
With a credit score of 630, you'll be able to get a FHA or a USDA loan. You should contact the Michigan based FHA or USDA lenders in order to get the mortgage. However, you shouldn't have much negative items on your credit report if you want to qualify for a FHA or USDA loan with such low credit score.
This community has a large number of lenders. You can seek a no obligation free mortgage quote from them in order to find out what type of rates and terms you'll get.
Thanks
Yes. Minimum credit reequirement on FHA is 580 for the 3.5% down payment.
