FHA Sets Stringent Rules

September 7, 2010 by  
Filed under FHA Sets Stringent Rules

FHA Requires Certain Credit Score Standards

FHA is known to be the most flexible of all first-time homebuyer loans.  Well, now they are even becoming a bit more stringent when it comes to lending.  They are now requiring that homebuyers present a minimum credit score of 500 to qualify for an FHA mortgage.

Housing Assist Coldwellbanker