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Credit scores - FICO scores for mortgages - I need a 700 credit score?
 
Jeff Belonger was kind enough to allow this wonderful article to be re-blogged (re-published) and since it is such a terrific article about FHA and credit scores I knew it would help many of you who have the same questions.
Thank you Jeff.  Once again, you have come to the forefront with a wealth of knowledge about FHA mortgage products.
 
 

Yes, credit guidelines have gotten tougher, but NO, you don’t need a 700 credit score.
 
 
Here we go again, with realtors making things sound semi easy. There was a question on Trulia last week, and the buyer said that they heard that you needed credit scores of 700.  And what do you do if you have scores from 614 to 620.
 
 
 

 
Here was part of the answer from a realtor answering the question.
"You can actually purchase a home with a credit score in the 500'sdepending on job history, etc. I have several lenders who can assist you."
Sorry, but this answer sounds easy, and it's not that easy if you are under 620. Yes, there are investors out there that are allowing credit scores below 620, even down to ... more

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