CREDIT SCORE
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If more than one score is supplied by the same repository, the lesser of the scores will be used.
Minimum credit score for:
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- Credit report must match GUS findings.
- Must not be older than 120 days on the date of closing for existing properties and new construction.
- Must contain complete information provided by all three repositories.
- The credit report must show the following three required FICO scoring models for the report to be valid with us.
- Equifax Beacon 5.0
- Transunion FICO Risk Score, Classic 04
- Experian/Fair Isaac Risk Model V2.
- Must reflect a minimum of 2 scores per borrower.
TRADELINE REQUIREMENT:
At least one applicant whose income or assets are used for qualification must have at least 2 historical trade line payment references that have existed for at least 12 months to establish a credit reputation and validate the credit score.
The view and opinions stated on this website belong solely to the authors, and are intended for informational purposes only. The posted information does not guarantee approval, nor does it comprise full underwriting guidelines. This does not represent being part of a government agency. The views expressed on this post are mine and do not necessarily reflect the view of my employer. Not all products or services mentioned on this site may fit all people. Some guidelines that USDA published may not be a strict as the one's above so you can check with other USDA Mortgage Lenders offer the 502 Guaranteed Loan in Kentucky to see if you qualify. 
