The middle of your three credit scores is considered your score for qualifying purposes. If applying with a co-borrower, the lowest of each of your middle scores is used. For example, if you have a.
The FHA pre-approval process is basically a form of preliminary screening. It’s the lender’s way of saying: "Based on our initial findings, you are a good candidate for a loan and qualify for financing up to X dollars." But you still need to go through a home appraisal and underwriting process. And a lot can happen during those stages.
This might easily happen with sensitive loan applications. The last thing you want to do is to make an offer on a home and later discover the terms of your pre-approval letter are no longer valid. For.