You don’t need perfect credit — just a clear path forward.

If your credit isn’t perfect (or even close), you might be wondering:

“Will I even qualify for a mortgage?”
With a traditional loan, maybe not.
With an FHA loan? You just might.

FHA loans were designed to make homeownership more accessible — including for people who’ve faced challenges with credit in the past.

Let’s break down what credit scores FHA allows, how your history is evaluated, and what steps you can take to qualify — sooner than you think.

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✅ What’s the Minimum Credit Score for FHA?

Most FHA lenders require:

• 580+ FICO score to qualify with just 3.5% down
• 500–579 FICO may qualify with 10% down

At PRMI, we evaluate more than just your score. If your overall file shows strengths — like stable income, on-time rent history, or strong savings — we’ll help you build a strategy, even if your score is below traditional thresholds.

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🧾 What Credit Issues Are Allowed with FHA?

FHA is more forgiving than conventional loans when it comes to:

• Late payments
• Collections
• Medical debt
• Short credit history
• Previous bankruptcy or foreclosure

The key isn’t perfection — it’s recovery.
FHA looks for patterns of responsibility and the ability to repay going forward.

💡 If you’ve had a financial setback but are back on your feet, you may already be eligible.

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🧠 What Else Affects Your Creditworthiness?

Lenders look at the full picture, including:

• Debt-to-income ratio (DTI)
• Employment history
• Savings/reserves
• Payment history over the last 12–24 months

Even if your credit score is borderline, compensating factors (like long-term employment or consistent rent payments) can help you qualify.

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🔧 Can You Improve Your Score Before You Apply?

Absolutely — and even small changes can make a big difference.

We can help you:

• Review your credit report for errors
• Create a rapid rescore plan if needed
• Pay down balances strategically
• Avoid common mistakes during the loan process

📘 You don’t need to “fix” your credit alone — we’ll guide you step-by-step.

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🏢 Why PRMI?

We’re not just here to quote you a rate and move on.
At PRMI, we:

• Work with credit-challenged buyers every day
• Help you qualify now or map out a short-term plan to get ready
• Handle everything in-house — no middlemen, no third-party handoffs
• Treat you like a person, not a credit score

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👇 Wondering If Your Credit Qualifies?

Let’s review where you’re at — and show you exactly what’s possible with an FHA loan.