Fha Cosigner Guidelines
Contents 580-600 credit score Credit payment history Higher credit score Regular monthly payments Credit Requirements. With just a 500 FICO score a borrower could qualify with a 10% down payment. However, lenders set their own credit requirements and many will require at least a 580-600 credit score for FHA. The same will apply for cash-out refinancing, you will typically need at least a 580-600 credit score. FHA loan requirements for single-family homes and multifamily homes are similar, although Boyle says that borrowers cannot have a nonoccupying co-signer for an FHA…
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