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Originally Posted by Veterans Day
depends on where you live FHA raised the max loan amount to 234,150 by me in chicago years ago, 580 minimums for FHA, Conventioanl is 620+ Dont get stuck with a subprime, unconventional lender with 2/28 or 3/27 loans. All those other assets dont mean anything. They will list them on the app but there nothing to talk about. How much you have in the bank and for how long is gonna be another stumbling block. Some other things to consider  |
There is no real minimum for FHA. We've got some approved down to 520. There isnt a minimum for Conventional either, though its not as easy to get an automated as FHA is.
Subprime, you can go down to 520ish without a problem.
With 10% down, you can get that house, without a problem.
Cheers.