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Established Member
Posts: 25
Registered: ‎07-05-2010
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Re: FHA Mortgage Lenders under a 620 credit score

Would you mind PMing me the the lender name too @hendersj31? I am also in Texas.

Valued Contributor
Posts: 1,065
Registered: ‎05-26-2010
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Re: FHA Mortgage Lenders under a 620 credit score

NACA doesn't consider credit score but they do look very closely at recent payment habits and proven ability to pay (your payment cannot exceed current rent, if you want to pay more you must show a consistent pattern of saving the difference (they call that "payment shock").  Their process is slow and painful, but helps with patterns of financial management that have helped me.  This isn't limited to low / meddle income either, the maximum home value is capped, not participation.


30 year fixed, below market rate, 100% financing with NO CLOSING COSTS.  I closed in April and used seller closing help to buy my rate down to 2.92%.

BK7 Filed 8/11/2009 Discharged 11/23/2009. Purchased new home 4/11/2012
Starting Score:11/16/2009 EQ 566 11/16/2009 TU 538
Interim Score: 12/27/2012 EQ 683 09/17/2012 EX (lender) 670 1/01/2013 TU 701
Current Score: 11/06/2013 EQ 708 11/06/2013 EX 702 11/16/2013 702 11/06/2013 TU 729
Goal Score: EQ 740 EX 740 TU 740
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New Visitor
Posts: 1
Registered: ‎07-17-2013
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Re: FHA Mortgage Lenders under a 620 credit score

My husband and I are looking to purchase a home in New Jersey with a FHA loan & a 3.5% down payment. Our "Low middle Score" is 600. Can anyone point me in the direction of a lender that may lend in this scenario. I'd certainly appreciate it.

New Member
Posts: 2
Registered: ‎11-28-2012
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Re: FHA Mortgage Lenders under a 620 credit score

[ Edited ]

hendersj31 wrote:

PM me and I will give you a lender who claims to do FHA down to 560 scores.  I am not sure if he operates in your state or what the limitations, if any are.  I am in Texas



I am looking to purchase a home within the next 6-8 months.  I would be a first time homebuyer an would like to do a FHA loan. My credit score is EQ 631/EX 610/TU 639.  I live in NC.  Will you please send me that information, as well?  Thank you!

New Visitor
Posts: 2
Registered: ‎11-25-2013
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Re: FHA Mortgage Lenders under a 620 credit score

[ Edited ]

Can you please give me the information for your broker as well?


Edit: use PM on forum, no need to advertise personal emails for the bots which trawl sites to fawn over for future spam targets.  


Welcome to the forums as well!  --Rev

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