Credit Card Center Advertiser Disclosure

New Contributor
Posts: 60
Registered: ‎01-20-2012
0 Kudos

Would I be able to get an FHA mortgage?

[ Edited ]


I am wondering if I could qualify for an FHA mortgage by myself. I am married but due to long and complicated reasons, my husband can not be on the mortgage. We do not live in a community property state.


My score right now is 640

Income- $15,000

$10,000 in student loans- no payments due until 2014 (payments will be $50 when they are due)

No other debts

Voluntary repossession in 2008- paid settlement amount

Target home price: $50k or less



New Contributor
Posts: 60
Registered: ‎01-20-2012
0 Kudos

Re: Would I be able to get an FHA mortgage?

I forgot! I also have $5000 for a downpayment Smiley Happy


Established Member
Posts: 16
Registered: ‎12-06-2011
0 Kudos

Re: Would I be able to get an FHA mortgage?

Hello Samy2576

 I'll try to help out, I'm not an expert by any means, but could point you to some information that can be helpful to you.

Your Credit Score should be good for an FHA, Downpayment of 10% seems OK (50K/5K=10%).

Go to and punch in your numbers to find out your "Required Salary" .Also make sure you meet the FHA debt ratios from here. 


Looks like you should be OK to me, Im also looking into an FHA..

Good Luck



Posts: 10,788
Registered: ‎03-06-2010
0 Kudos

Re: Would I be able to get an FHA mortgage?

FHA ratios can be modified by your individual lender.

The links in the above post are good for general information and in fact will fit many borrowers. But your individual lender has flexibility. i have seen many, many loans that exceed the 29%/41% ratios in the link above. Do talk with a knowledgeable lender in your area.

Forums posts are not provided or commissioned by FICO. Forums posts have not been reviewed, approved or otherwise endorsed by FICO. It is not FICO's responsibility to ensure all posts and/or questions are answered.

† Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.
‡ Credit cards for FICO Score ranges: The score ranges are guidelines based on internal myFICO analysis of actual applicant approvals, and having a FICO Score in a particular range does not guarantee you will be approved for credit cards recommended in that range. These ranges were not provided by any card issuer.

* For complete information, see the terms and conditions on the credit card issuer’s website. Once you click apply for this card, you will be directed to the issuer’s website where you may review the terms and conditions of the card before applying. While myFICO always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.