Can I get approved for a 400,000 home loan with a 600 credit score?

Yes…quite possibly!   The title of this post is a question that was entered as a search that found Mortgage Porter.  Someone could buy a $400,000 home with a 600 credit score if:

FHA Scenario Possibility

  • No late payments or derogatory credit in the past 12 months.  FHA insured loans do not use credit scores.
  • Base loan amount at FHA loan limit (assuming King, Snohomish or Pierce Counties):  $362,790.
  • Just shy of 10% down or a minimum of 3% down plus closing costs with a 6% seller contribution.

With conforming, if the other qualifying factors (income, assets, employment, down payment) are strong, the borrower may still qualify for a mortgage. 

At the very least, if your credit score is 600 and you’re considering buying a home, I suggest contacting a Mortgage Professional to have your personal scenario reviewed.  The higher your credit score, the better your rate may be for a mortgage and a qualified Mortgage Professional should be able to advise you on how to improve your credit rating.


  1. hopefully in december the new fha guidelines will bring the new loan amounts to 700k. that will really help out a lot of ppl in California

  2. 600 ranking is a huge rank to get. But i think to get a huge loan the rank should be some what great

  3. All I can say is wow. That is a lot of information. I wonder how long it took to come with an article that long and how long you have been pondering on the ideas express here.


  1. Facing an ARM reset: Can you refinance with an FHA loan?

    I have been reading a good blog called The Mortgage Porter, by Rhonda Porter. Rhonda is in the mortgage business so she should know a thing or three.
    In a recent post someone asked if they could be approved for a new mortgage given a credit score of 60…

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