Are you looking for an FHA loan? FHA home loans provide the opportunity to fulfill your dream to easily refinance or purchase a home with a very low down payment and with a very quick approval.
FHA loans are a perfect choice if you have been denied a home loan due to credit or reserves. One of the advantages of FHA is the lower credit score requirements, as the guidelines are generally more lenient than other loans. There is a 580 minimum credit score for FHA loan, which is much lower than the 700+ FICO score required for other conventional loans with higher down payments. Even if your credit history is poor, you may still be able to qualify for an FHA loan.