*On FHA Case numbers on or after Oct 4th My company notified us that 2 of the big five servicing lenders are going to a minimum of 640 FICO for FHA.A third has indicated they will follow suit. The remaining two won't be far behind. Does this mean that you will not find 620 scores accepted at a few places? No.... There will be some smaller holdouts that offer the 620 for a while. Just expect to jump thru some hoops for it though. They will likely be very selective. … (9 comments)
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Tom Burris, The Texas-LouisianaLoanGuy, has been arranging Home Loans since 2004.
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640 FICO is the New Number for FHA Loans *
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