Which credit score do fha lenders look at?

Posted on Oct 6, 2012 in FHA Information

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Question by Zzlia: How does a mortgage holder get out of PMI payments on their mortgage loan?
Seems to me that PMI is very costly for the home owner, website especially me with a perfect credit rating and new funding source to maintain a mortgage if I lose my job (my job is very secure). Please any suggestions on how to get the PMI waived by the mortgage company.

Best answer:

Answer by Equality
You put 20% cash down simple as that. There is no other way.

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Question by JH: Which credit score do fha lenders look at?
Say my three credit scores are the following
Transunion 630
Experian 614
Equifax 580

Which of those three do FHA lenders look at, story and would i get approved for an FHA loan?

Best answer:

Answer by Anjell
all 3 and then take the middle score.
in addition to a favorable credit score (700+)
you should have at least 2 years of full time income, low debt to income ratio and a preferably a downpayment

What do you think? Answer below!

5avg.rating 13 votes.

One Comment

  1. It will always be the mid score so in your case 614.