FHA Changes for Mortgage Loans in Kentucky
FHA Changes for Mortgage Loans in Kentucky
Minimum Credit Scores for a Kentucky FHA loan.
All Kentucky FHA loans will soon require a 500 credit score for all Kentucky Home buyers or homeowners looking to refinance who have a debt to income ratio over 55% percent.
Kentucky FHA Loans with FICO scores under 620 will remain FHA-eligible, but you must show compensating factors or reasons to approve the loan. Compensating factors would be…
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