Tag Archive for: low balance loans

Conforming Loan Limit Up to $625,000? Jumping the Gun and Why It Matters

HIGHER CONFORMING LOAN LIMITS ANNOUNCED EVERY YEAR Every year, usually in late November, the Federal Housing Finance Agency (FHFA) announces the new conforming loan limits for every geographic area for […]Read More

Minimum Credit Score for FHA: 580; Minimum Score Conventional: 620

Our FHA investors and lenders allow credit scores as low as 580 for low balance loans (under $417,000). Scores under 620 require a “manual underwrite.” Manual underwrites require perfect credit […]Read More