Tag: minimum credit score

Minimum Credit Score Requirements for the FHA REO Program – NEW CHART – FHA REO Guidelines

Question: What is the minimum credit score required for the $100 Down FHA REO Program? NEW MC Chart – FHA REO Guidelines Answer: Since the LTV exceeds 90%, 580 would be a minimum score for the $100 down program. Of course, you may be subject to other overlays from your secondary markets. Supporting Resource: NEW […]

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FHA – Minimum Credit Score

Question: Does FHA have a minimum credit score requirement? Answer: No. The only credit-score-based limitations that FHA has (for all transactions) are below. However, it is possible that you have secondary market overlays that require a 620. Reference: 4000.1 If the Borrower’s Minimum Decision Credit Score is at or above 580 then the borrower is […]

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