FHA Loans For Credit Scores 620 & Above

Nationwide FHA Lender

FHA Lenders for 600 Credit ScoresLeaman Team Offers FHA Lending For Borrowers with 620+ Credit Scores (Most other lenders require FICO credit scores of 640 & higher for FHA loans.)

The Leaman Team can close FHA loans in 30 days or less.

Qualifying Information:

  • Fixed-Rate FHA Loans Only
  • Primary Homes Only (Non-Occupying Co-Borrower are OK)
  • Purchase and Rate/Term (Cash-Out Refinance and Streamline Refinance NOT allowed)
  • Single-Family Residences, Condos, Planned Unit Development (PUD) Only – (No Multi-Family Properties Allowed)
  • Maximum Debt-to-Income Ratio 43% – No Exceptions
  • 4 Months Reserves Required (From Borrower’s Savings or Checking – Not Retirement)</li
  • High Balance (Over Normal FHA Maximum Loan) Not Allowed
  • All Installment Loans Under 10 Months Included in Debt-to-Income (DTI) Ratio
  • All Deferred Student Loans Must be Included in Debt-to-Income (DTI) Ratio
  • No Declining Income
  • Maximum Seller Contribution – 3%
  • No Late Mortgage Payments in the Last 12 Months
  • Bond/Down Payment Assistance (DPA) NOT Allowed
  • HUD $100 Down Program NOT Allowed
  • No Property Flips

Have questions?

Contact The Leaman Team
Email: Team@MaxLeaman.com
Toll-Free: (800) 301-3405