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I have a 577 credit score my co buyer has a 799 score and a home loan, can we qualify for a FHA loan

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March 17 2013 - Incline Village
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Find a local lender in your area and ask them that question.  They can guide you through the process and tell you exactly what you need to do.  
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March 18 2013
Can your co-borrower be on the loan alone and you can be on title? That would make it much easier if possible.
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March 18 2013
There are some lenders that will lend with a credit score below 620.  We will allow with a minimum score of 530, but your file will be manually underwritten.  This means that an underwriter will heavily scrutnize your file.  More than likely, you will have to explain every blemish you have on your credit report.  Also, your interest rate will be priced based on the lowest of the two borrowers middle score.

Hope that helps!
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March 18 2013
You may want to shop around. I do not have any investors that offer FHA loans below 620. Can your 799 score co-borrower qualify for the loan without you?
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March 18 2013
 
Related Questions
I have a 577 credit score my co buyer has a 799 score and a home loan, can we qualify for a FHA loan
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Latest answer by Brad Niemann
March 18 2013 | 4 answers
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