Real estate blog entries tagged with credit by Kevin Rhodes

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Home : Blogs : Kevin Rhodes : Kevin Rhodes's Blog : Tag "credit"

credit: Building Alternate Credit For FHA - 11/28/08 11:22 AM

Have you ever had a borrower with only one or two FICO scores or a borrower who has yet to establish a credit profile? Well, if you have then you know how challenging this can be when attempting to secure a loan through conventional means. When using FHA financing you can build alternate forms of credit to build a credit profile.
The minimum FHA requirements with regard to credit are:
3 open/active credit accounts for 12 months. For a borrower with 1 or more FICO scores, only the above needs to be met. For a borrower with no scores at … (1 comments)

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Kevin Rhodes

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