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E-Mail 'Is FHA Downpayment Assistance Coming Back?' To A Friend

by Peter G. Miller
January 28th, 2009

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This entry was posted on Wednesday, January 28th, 2009 at 8:36 am and is filed under . You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response to “Is FHA Downpayment Assistance Coming Back?”

  1. Steve Odierno Says:

    It is quite interesting that FHA, which technically has no credit score requirements, is increasingly being associated with credit scores. For instance, while a loan might come back as “Approve/Eligible” through DU with a sub-500 FICO score, some wholesalers will not purchase the paper unless the FICO is 550, 580, or in some cases 600. While I understand the need for prudence – particularly in light of the sub-prime debacle – there seems to be a disconnect between FHA parameters and bank guidelines. I suppose we can now add DPA to the list.

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