CREDIT SCORE – FICO mid score must be 640 or higher. DTI – The maximum debt-to-income (DTI) ratio is 45%. Affordable income subsidy grant Additional down payment assistance is available for borrowers who qualify for the Home Sweet Home Program, with lower income limits.
You’ll need a credit score of at least 580. Home loans backed by the Department. If a big down payment is a hardship, look for down payment assistance. Search online using the city name, the county.