FHA Home Loan at 600 Credit Score

FHA financing is available for buyers with a 600 or better credit score.  HUD/FHA do not actually originate Home Loans or lend money.  They simply make the rules that Arizona FHA mortgage lenders must follow.  In the past, Arizona FHA mortgage lenders have required a 620 or better credit score.

Apply for an FHA Home Loan

FHA Loan 600 Credit Score Rules

There are a few enhanced home loan guidelines that differ for clients with a 600 score compared to FHA financing for borrowers with a 620 + score.  What is so different?  Here are a few of the major differences:

Added Rules Borrowers with a 600 to 619 Score:
 1. No manual mortgage approvals  allowed
2. Only purchase loans are eligible

Learn more about FHA Home Loans

By Jeremy House

 

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