The U.S. Marine Corps is one of the four armed service branches in the U.S. Department of Defense (DoD) and one of the seven uniformed services of the United States. The current Chairman of the Joint Chiefs of Staff, the highest-ranking military officer in the U.S. Armed Forces, is a Marine Corps general.
Thanks for your patience. 1  I recently had to refinance, and before I did I checked 2 of my credit scores â 660 and 653. Not the greatest, but not all that bad. 2  funny that 6 years ago 580 was good anyone could sell homes, even people earning 4-7k per month had arm mortgages, and lost homes.
FHA issued new guidance in the last several years on the minimum credit scores needed for certain FHA guaranteed home loans. Minimum credit score requirements for FHA home loans depend on which FHA loan product the applicant needs. Generally speaking, to get maximum financing on typical new home purchases, applicants should have a credit score of 580 or better. Those with credit scores between 500 and 579 are, according the the FHA guidelines, limited to 90 percent LTV. Applicants who have a minimum decision credit score of less than 500 are not eligible for FHA mortgages. Those with credit scores of 500 or better are eligible for 100% FHA loan financing with no down payment required when using the FHA 203(h), Mortgage Insurance for Disaster Victims.