The underwriter finally approved my borrower with an fha loan under 580 credit score. It took some time and no the fha loan didn’t have a nice fancy 620 fico score attached to it. It took a while for the 620 credit score to go from fha and back to a 580 credit score fha. All in all it was an fha loan with a 580 credit score.
You may be wondering where the fha loan under 620 fico is available. I am not sure if your credit score is a 580 fico or a 620 or if you like FHA loans at all. You may be a real estate investor or you may be an fha appraiser. You could be anyone with a credit score below 580 and obtain an fha mortgage loan given certain circumstances for fha and that the fha guidelines and rules are followed for credit score below 620.
Take a look at the fha loans for borrowers to buy below 620 fico scores.