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can anyone help

i have a credit score of 614 and a DTI ratio of 34% can i get qualified for a fha loan in illinois
  • April 14 2014 - Thornton
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Answers (4)

Yes your scores and DTI should work just fine! Lenders like myself can go as low as 580 when it comes to your scores, so credit should not be a problem. Also, lenders can also accept a DTI ratio as high as 43%. So the things you have listed so far should be good. Although, there are many more financial factors of your that needs to be looked at. So the best thing for you to do is to speak with a knowledgeable lender to see if you can get started on financing a new home. If you need additional assistance, feel free to reach out. Good luck!
  • April 15 2014
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Lenders will fall over themselves to help you
  • April 15 2014
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  • April 14 2014
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Although I do not lend in IL you can get an FHA loan with a 614 score in many cases. I think your best option to find a lender is to call a local Realtor you'd like to work with and ask them for a FHA lender referral. If you call an experienced Realtor they should have a few good FHA lenders you can speak with. Good Luck to you
  • April 14 2014
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