Tag Archives: Credit requirements

FHA Mortgage Home Loan Credit Requirements

Credit requirements for FHA Loan are comparatively less stringent as compared to Conventional Mortgage Loan VA Mortgage Loan USDA Home Loan  The first thing to understand is that there is no specific score requirement specified by FHA. The loans are underwritten based on overall credit profile of a borrower. Most lenders use automated systems like Desktop Underwriter by Fannie Mae or Loan Prospector by Freddie Mac, along with investor specified… Read More »