Word was (this past summer) that Academy mortgage would do a 620, but the terms werent as good as 640+
I was approved in early August of this year by Wells Fargo for an FHA mortgage with a 625 middle FICO. They approved us for a 30 year fixed at 4.5% APR. While I'm happy about the terms of the loan I have to say that the underwriting process was horrendous. I have a 3 inch thick binder with all the additional info they asked us to supply. I wasn't sure we had a loan until the sale was finalized and the loan funded. WF will take FICO's as low as 580 but the down payment requirements go up as does the cost of insurance, etc... My LO said that for every 20 FICO points you go up your interest and insurance costs go down.
I'm in underwriting with a conditional approval for a refinance from Quicken loans with a 630, should know for sure in a couple of days if we are set to close.