Good news has returned for consumers interested in FHA loans who may not have qualified in previous months.  At Quicken Loans, consumers may now qualify for an FHA loan with a credit score of 580 and above.

Qualifying clients can lock in a low fixed rate on a 30-year, 25-year or 15-year program.  Adjustable rate mortgages and jumbo loans are not available to clients with FICO scores between 580-619.

FHA loans are designed to make housing more affordable with lower down payment requirements than conventional loans on purchases and less home equity requirements on refinances.  Less stringent qualification guidelines and the security of a government-insured loan makes FHA a popular choice for consumers.

Additional underwriting guidelines may apply when qualifying for a loan with a credit score of 580.  With low refinance mortgage rates and unbeatable client service, there’s no better time than the present to start saving money with what is likely your largest asset.

Contact a Home Loan Expert to find out more about this opportunity.

Related Posts

This Post Has 383 Comments

  1. hi mt name is middi i thank my credit score is 626 i want to buy a fixer upper and have my brother -in law do construction on it, and after rent it out . i have a car payment that i have paying it before it is due every month on the third. with just me geting the loan n not my husband co-sign would i qualify thank you god bless

    1. Assuming you’re right about your credit score, you would qualify based on your credit, but there’s more to qualification than that. If you would like to go over your options, you can do so online through Rocket Mortgage or by speaking with us at (888) 980-6716. Hope this helps!

1 7 8 9

Leave a Reply

Your email address will not be published. Required fields are marked *