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Because these loans are insured by the federal government, more people qualify for FHA loans than for traditional ones. And with one-third of Americans having FICO scores under 620, you have a lot of company. First, your home loan must be paid on-time for the prior 6 months, and at least 11 of the most recent 12 months. If you have poor credit you may still qualify for some poor credit home loans type of government aid or government backed loans.

By disputing it, you put the wheels in motion to clean up the report and get a better mortgage. Nowadays it is possible to get a home loan with bad credit scores.

These can be great because with the government backing you can get a better rate and a better loan all together. The interview is also a great chance to get acquainted with your loan officer, who plays an important role.

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