FHA MORTGAGES DOWN TO A 500 CREDIT SCORE

LENDERLINE^® is currently offering FHA real estate loans down to a 500 credit score for properties located in the State of California.

• Purchase or refinance.
• 500 minimum credit score.
• Borrowers with no credit scores OK with non-traditional credit.
• Maximum loan-to-value is 96.5% for no credit score.
• Maximum loan-to-value is 96.5% for 580+ credit score.
• Maximum loan-to-value is 90% for 500-579 credit score.
• Down payment may be a gift from a family member.
• Seller can pay borrower’s closing costs to 6% of purchase price.
• First-time homebuyer OK.
• W-2 wage earner or self-employed.
• Non-occupying co-borrowers allowed.
• Primary residence only. No second home/investment properties.
• SFR, PUD, condos, townhomes and 2-4 units.
• Condos/townhouses must be FHA-approved, look-up here.
• Late payments OK with automated underwriting approval.
• No reserves required with automated underwriting approval.
• Up to 50% DTI with automated underwriting approval.
• Maximum DTI is 43% with non-traditional credit.
• FHA loan limits apply and are county-specific, look up here.
• U.S. citizens and permanent residents are eligible.
• Foreign nationals and ITIN workers not allowed.
• 30-year fixed rate.
• No prepayment penalty.

To download a loan application
for our FHA loan program
down to a 500 credit score:

LENDERLINE^® is your FHA lender of choice.

Questions? Call us toll-free at 1-888-661-7888.