3.5% down payment with a 580 credit score.

FHA allows you to buy a home with only 3.5% and a 580 credit score. Most lenders require 620-640 credit score, but there are lenders that will go down to a 580 credit score. When you have a 580 credit score you can buy a home with 46.9% (mortgage only payment) /  56.9% (All other debts including the mortgage payment) […]