FHA Credit Score Adjustments
We have been talking about the recent changes in minimum scores on FHA Loans, but there have also been a number of credit score adjustments recently released. They seem to impact FHA loans that fall between 580 and 620. The highest adjustments I have seen are around 1.5%
I have asked a few people at HUD their thoughts on the recent changes and they haven’t had much to say. This definitely goes against any chance FHA had at helping many people who are in trouble. FHA Secure is pretty mush worthless if no lenders will buy them.