What are the qualifications for an fha loan?

Asked by Roadtodebt (534

) June 6th, 2017 from iPhone

If you credit score is really bad but you repair it to an extent, I mean if I can get it to around 620 can you qualify for an fha loan in GA? I also have 2 old bank accounts that were closed due to overdraft fees that I never paid (also debt) should I pay these? It’s not on my credit score as a debt or collection but I’m not able to open any new bank accounts because of it… I have filed bankruptcy once as well, over 4 years ago. Is there any chance I can ever qualify for an fha loan

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4 Answers

Why do you want an FHA loan?

ARE_you_kidding_me (20021

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Lower down payment, first time buyer ..

Roadtodebt (534

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https://portal.hud.gov/hudportal/HUD?src=/buying/loans

jca (36062

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I’m going to yes, because my first house I had a score of 625 and they didn’t flinch! But fix what was broken from other bank accounts (overdrafts) You are going to need a bank account. It may take a time, maybe several months to be able to open new account.

Tropical_Willie (31125

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