can i get a fha loan if my fico score is 588 and my husbands is 546?
by Author on Monday, July 19th, 2010 | 2 Comments
i don't have have a job but my husband does but my credit is slowly building up because we're paying on a student loan i have. so would we be able to get a fha loan for a house? what is the min. fico score you need for one in texas?
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Although many people say 620 is the minimum, FHA does not actually look at scores – what they want to see is two year’s worth of clean credit (no late payments, etc.) for the time prior to the loan. They also want two year’s worth of steady employment and of course a debt to income ratio of under 41% including the mortgage.
You can’t. You need a FICO score that is at least 620.