FHA adds 580 FICO credit score to guidelines
A press release (HUD No.10-016) from the U.S. Housing and Urban Development Department (HUD) Federal Housing Administration (FHA) dated January 20, 2010 is titled, “FHA Announces Policy Changes to Address Risk and Strengthen Finances.” The release states: “New borrowers will now be required to have a minimum FICO score of 580 to qualify for FHA’s [...]
January 23, 2010
• Tags: FHA, guidelines, Mortgage, underwriting • Posted in: FHA, Government, Mortgage • No Comments