FHA Financing to 580 Credit Score

 

CFS Mortgage Corporation is proud to continue lending on FHA loans and 580 credit scores. We are dedicated to assisting Realtor's and real estate investors with new and innovating mortgage solutions. As a bank we consistently provide and higher level of service and support than all other traditional brokers in the market place.


Available for:

  • Purchase
  • Refinance (no cash out)
  • Streamline Refinance


FHA requirements:

  • Minimum fico score requirement of 580
  • Full documentation of income
  • Debt ratios to 43%
  • 3.5% down payment for purchases
  • Down payment can be gifted by family member
  • 6% seller contribution on purchases
  • No asset reserve requirement
  • Automated underwriting approval required


Many banks have changed their requirement to 620 fico score for FHA financing. As of 05/01/09 CFS Mortgage Corp continues to fund FHA loans to 580 score. Our minimum score requirement could be subject to change in the future.


Troy Schuricht - troys@cfs-mortgage.com - 602-354-0537

Brad Brown - bradb@cfs-mortgage.com - 602-354-0521


Community First Financial is powered by CFS Mortgage Corporation a mortgage banker, license number BK#0905178.

 
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3 Comments on FHA Financing to 580 Credit Score

MAY
07

Regarding FHA financing with credit score to 580 -- are you guys licensed to do business in Missouri?? Any Missouri offices?

Thanx!

Don Schneck

Wilken LLC Realtors

Springfield, MO

Don Schneck
9:53pm • #1
AUG
18

My husband has a credit score of 580 and we live in iowa can u help?

robbie
5:47pm • #2

If not do u know of anyone that can help us?

 

robbie
5:52pm • #3

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Troy Schuricht

Phoenix, AZ

More about me…

CFS Mortgage Corp.

Address: 7720 N 16th Street Ste 325, Phoenix, AZ, 85020

Office Phone: (602) 305-0537

Cell Phone: (602) 790-0210

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