How to Qualify for an FHA loan with a 620 Credit Score in Long Beach...

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Unlock Homeownership in Long Beach with Just a 620 FICO

We help everyday buyers secure FHA financing — no perfect credit needed. Whether you're renting, relocating, or rebuilding credit, Long Beach homeowners are finding their path forward right here.

We've helped hundreds of local buyers with credit challenges secure FHA approvals—now it's your turn.

  • Is 620 Good Enough for an FHA Loan?

  • What Are the FHA Guidelines in California?

  • What If I Don’t Have 3.5% Down Yet?

  • Can I Buy a Home in Long Beach with a 620 Score?

Don't guess. Don’t Google. I’ll show you exactly what it takes to get approved in Long Beach today.

These are the same questions we hear from Long Beach buyers every day...

🔍 Is 620 Good Enough for an FHA Loan?

🔍 What Are the FHA Guidelines in California?

🔍 Can I Buy a Home in Long Beach with a 620 Score?

Don't worry, we can help!

If Any of This Sounds Familiar, You’re in the Right Place

You want to buy a home in Long Beach (or nearby)

Your credit score is around 620—but you’re working on it

You have some funds for a down payment (or want to explore assistance programs)

You’re unsure about the FHA process and want expert guidance

You’d rather speak to a real person than guess your way through it

You’ve been told “you don’t qualify” but haven’t seen real numbers or options

You’re rebuilding after credit challenges, collections, or late payments

You’re tired of renting and want to turn your monthly payment into equity

You’re looking for a real plan—not just a vague pre-qual letter

Cover image featuring FHA loan benefits, emphasizing low down payment and flexible credit requirements.

FHA Loans: A Flexible Path to Homeownership

Loan Comparisons
March 27, 2025•2 min read

FHA Loans: Unlocking Homeownership with Low Down Payments

FHA Loans: A Flexible Path to Homeownership

For many first-time homebuyers, saving for a large down payment can be a challenge. FHA loans offer an excellent solution by providing low down payment options and flexible credit guidelines. But are FHA loans the best fit for your financial situation? Let’s explore the benefits, requirements, and alternatives if an FHA loan doesn’t align with your goals.

✅ What is an FHA Loan?

An FHA loan is a government-backed mortgage insured by the Federal Housing Administration (FHA). These loans are designed to help first-time and lower-income homebuyers secure financing with less stringent qualification criteria.

🎯 Key Benefits of FHA Loans:

  • Low Down Payment: Only 3.5% down with a credit score of 580 or higher.

  • Flexible Credit Requirements: Approval possible with credit scores as low as 500 (with 10% down).

  • Higher DTI Ratios: FHA loans allow for a higher debt-to-income ratio (DTI), making it easier for buyers with existing debt to qualify.

  • Seller Contributions: Sellers can contribute up to 6% toward closing costs, reducing the financial burden on the buyer.

⚠️ Considerations for FHA Loans:

  • Mortgage Insurance Premium (MIP): FHA loans require both upfront and annual MIP, which can add to the overall cost of the loan.

  • Property Standards: The property must meet FHA safety and livability standards.

  • Loan Limits: FHA loan limits vary by county, potentially restricting purchase options in high-cost areas.

🏡 Alternatives If FHA Isn’t the Right Fit

If you don’t qualify for an FHA loan or prefer to explore other options, consider:

  • USDA Loans: Zero down payment options for rural and suburban areas.

  • State Housing Assistance Programs: Many states offer grants and down payment assistance.

📞 Get Expert Guidance with the Troy Mire Team

Navigating FHA loans and other mortgage options can be complex, but the Troy Mire Team is here to simplify the process. We’ll help you determine if an FHA loan is right for you—or identify an alternative that better suits your financial needs.

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Troy Mire

Troy P. Mire is a seasoned Real Estate Broker, Mortgage Broker, and Hard Money Specialist with over 20 years of experience in the industry. As the founder of TMireBroker & Co., Troy specializes in providing tailored real estate and mortgage solutions, including FHA, Conventional, VA, USDA, DSCR, H120 Loans, and Hard Money Lending. With licenses in both real estate (DRE: 01199870) and mortgage (NMLS: 1795353), Troy brings unparalleled expertise to every transaction, helping clients achieve their financial and investment goals. Known for his dedication, knowledge, and client-focused approach, Troy is a trusted advisor in the Southern California market and beyond.

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The FHA Process — Simplified

Here's what you get:

  • I’ll walk you through the exact steps to qualify with a 620 score—from pre-approval to closing.

  • We’ll review your score, trade lines, and any recent dings—and how they affect approval.

  • I’ll break down your income, debt ratios, and down payment options—and show you what’s possible.

  • No sales pitch... Just answers!

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"Let’s skip the guessing. Schedule a free 1-on-1 call, and let’s build your game plan"

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Equal Housing Opportunity | Real Estate Services: TMireBroker & Co. | CA DRE: 01199870 | Private Lending: TMireBroker & Co. |

Asset-Based Loans | Not a Commitment to Lend | Traditional Mortgages: | NMLS: 1795353 | Programs Subject to Change | Restrictions Apply | For Industry Use Only | No Legal Advice Provided | Loans & Real Estate Services Not Available in All States | All Offers Subject to Qualification & Applicable Laws