FHA Lender with No Overerlay

[seanf12]

Right now my mortgage credit scores are in the 595 range (Fico 2, etc), however in the next few days I will be paying down about 50% of my revolving credit balances, so I am hoping those scores go up a bit.  We would be a first time home buyer, and I have two collection accounts, both were settled and now show as closed with a $0 balance.  I do also have one charge off from Mobiloans back in 2019, still shows a balance but the account is listed as closed. Regardless though, does any one know of FHA lenders with no overlays that are licensed in TN?

Thanks

[MauiMan85297]

You're going to have to wait either until the COVID overlays are lifted or your score is lifted to a 620 MMS- too much risk associated with sub 600 scores nowadays.

[VALoanMaster]

Hi @seanf12,

@MauiMan85297 is right, you'll need to wait until your scores come up a little due to COVID overlays.

I can go down to a 600 score as long as I get AUS approval but rates are not great.

[Mortgage-Specialist]

I can go down to a 580. Can go manual or automated approval