Loan and Mortgage Questions - FHA - Can I qualify - any SuggestionsHello, I live in the Northwest Suburbs of Illinois. I am looking to purchase a new home/condo/townhouse. Recently ran my credit and my scores are 631,625, 637. Would a FHA loan be the best way to go? I've heard that 620 and 640 are minimums to actually get the job done? Which one? Say I was looking to purchase a property in the 125,000 to 150,000 range. What should I expect as far as to qualify for the loan and costs? Closing costs, Fees, Down Payment, ETC? And taking into consideration, this information what about would be an expected monthly payment structure?Thank YouSeptember 07 2013 - US00YesReport a ProblemProblemSelect oneOffensive contentIrrelevant contentSpam (pure self-promotion)OtherDetailsYour emailPlease enter a valid email address.Submit CancelContent flaggedWe will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.We're sorry. This service is temporarily unavailable. Please come back later and try again.