Established Contributor
hoping2rebuild
Posts: 905
Registered: ‎07-25-2008
Mortgage Questions :)

I am new to this board spend a good deal of time on the rebuilding board

 

but I am getting closer on my scores for a FHA loan, I have a couple questions

 

1) I have always heard 580 but what score is needed for a FHA loan

 

2) late pays? my last late was in 2009

 

3) how much income do I need to finance 35,000? I am doing this on my own without my hubby

 

I have some time to get things straightned out the house I want won't be out of the summer rental program until the end of 2014 but

 

I want to know what I am looking at :smileyhappy:

 

Thanks

 

 


Starting Score: 377EQ/350EX/400TU As of 11/2011
Current Score: 620EQ/614EX/612TU As of 01/2013
Goal Score: 700+ across the boards