However, in order to qualify for an FHA loan, you should know the credit requirements for fha loan. Generally, you must have a credit score of at least a 580, but preferably over 600. If you've lost a home to foreclosure, you must wait at least two years before applying for an FHA loan. And, you must make sure that you do not have any existing debts that are considered to be past due or in default. If you're considering an FHA loan, discuss your credit history and concerns with a qualified loan officer. And keep in mind that even if you are initially denied for an FHA loan due to credit issues, you can always take a few months to fix the problems, and then re-apply.
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