- Find a Real Estate Professional
- Realtors®
- Mortgage Lenders
- Home Improvement Pros
- Other Real Estate Services
- Review an Agent, Lender or Pro
- Marketing on Zillow
- Real Estate Agent Advertising
- Join the Professional Directory
- Popular
- Real Estate Market Reports
- More
Answers (2)
- Thomas Hall, "Tennessee Loans"
- Contributions:381
650 isn't the minimum credit score for an FHA mortgage. If your score is over 620 you should be able to find a bank (not a broker or correspondant lender) who can help you (the reason is that many of them have investor overlays that keep them from closing with lower fico scores) . If your score is less than 620 options still exist but they are harder to find. You can get FHA loans under 580 but they require 10% down payment.
- wetdawgs
- Contributions:26804
Hi thassos: It looks like you have some answers to your similar question if you click here.
Bottom line - your mother's good credit does not make up for your bad credit. Cosigning can help when income is low, but not when credit it too low. (Do you have a score you can share?) You may be able to find a lender who will go a bit below 640 for a higher down payment and interest rate.
Bottom line - your mother's good credit does not make up for your bad credit. Cosigning can help when income is low, but not when credit it too low. (Do you have a score you can share?) You may be able to find a lender who will go a bit below 640 for a higher down payment and interest rate.
Co-signors and credit scores
Stating a discriminatory preference in an advertisement for housing is illegal. If you think this content is discriminatory or otherwise inappropriate and feel it should be removed from Zillow, please let us know by completing the information above.
We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.