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can lenders qualify fha loans for credit scores below 600?

i have a good down payment amount and little debt. my credit is damaged due to unpaid hospital bills and my realtor told me i may be able to submit an explanation letter. please let me know if fha is possible
By jdewana784623707 from KY Jun 6th 2014
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FHA does not have a fico requirement, but lenders will. You may find a lender in that credit score range of 550-600 with 10% down.

Jun 6th 2014

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There are some lenders that will allow it, depending on what the repott shows it might not be that hard to help you raise your scores to get a better rate

Jun 6th 2014

We lend down to a 530 on FHA loans. Let's discuss your loan scenario in more detail. Contact me at 800 315 8803. My name is Jamie and I have been in the mortgage business since 1989. I am happy to answer your mortgage questions, 7 days a week and review your loan scenario. Until then, I look forward to hearing from you. Jamie Lynne - www.bartprequalifies.com - email Jamie@bartprequalifies.com - 800 315 8803

Jun 9th 2014


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