Wells Fargo Raises Credit Score Requirement For FHA Loans To 640.
Wells Fargo, one of the nation's largest originators of loans insured by the Federal Housing Administration, announced it is tightening its credit score requirements for borrowers looking to finance a home through the FHA program. Last year, Wells Fargo lowered its credit score requirement for FHA purchase loans to a minimum 600 FICO score. Now, it's 640, reports National Mortgage News.
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