No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
I believe you do qualify.
They're going to want to see 2+ year of employment at the same job (check), 3.5% downpayment (check), and a Debt To Income Ratio (DTI) of 44% or under (yours is $313 / $2750 = 11%, so you have 33% room to play with on the mortgage payment).
Your credit is a little low -- that may stop you, but I'm pretty sure it's still above the FHA guidelines.
Good luck!
Thank you!
If someone could point me in the right direction to a company that does FHA loans at the 620 credit score level it would be very helpful!
One thing I would do is get a credit card with a limit of say $1,000 - $3,000 and get one or two months of 10% or less utilization on it. That will boost you up a good 25 points alone, putting you in that 640 range that FHA lenders are going to like much better.
@Anonymous wrote:Thank you!
If someone could point me in the right direction to a company that does FHA loans at the 620 credit score level it would be very helpful!
PM me. I have a lender contact here in Fl that can do 620 and a back end ratio max to 56.99% on a FHA loan (they underwrite and fund their own loans).