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FHA Government Mortgage Loans Minimum Credit Score Requirements - Update

FHA Product Updates

Effective for all FHA loans registered and/or locked after today, Friday, March 28, minimum FICO scores will apply in all instances regardless of AUS (Automated Underwriting System) decision. Extensions will not be granted.

See the chart below for minimum FICO score requirements for all AUS FHA loans*.

Transaction Type

Minimum FICO

Purchase & R/T Refinance

580

Cash-out Refinance LTV < 85%

580

Cash-out Refinance LTV > 85%

600

Streamline Refinance

580

Posted by MELINDA POTCHER on 03/28/2008 07:10 PM

Comments (3)

fha, federal housing administration, mortgage loans, minimum credit score, requirements, updates

This post has been included in New Mexico Information Bernalillo County, NM Information Albuquerque, NM Information

3 Comments on FHA Government Mortgage Loans Minimum Credit Score Requirements - Update

MAR

2008

Thanks...FHA needs to take that step to protect themselves... and after all 580 really is very generous!

JUN

2008

The market will be changing as we employ new programs and work our way out of the credit crunch. The landscape will be different for a moment.

DEC

2008

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