FHA is Making More Mortgages Available to Applicants with Risky Debt Profiles
Washington Post, Aug. 29, 2018–Kenneth R. Harney
From January through March of this year, the average credit score for new-home purchase loans was 672, according to FHA data. By contrast, the average was 701 during the same period in 2011. Refinancings where borrowers replace their existing FHA loans with new ones carried average FICO scores of 709 in mid-2012; earlier this year, that had plummeted to 661.
