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However, most lenders have overlays on credit scores with manual underwriting loans, where they want a minimum credit score of at least 640 credit scores. VA All requirements under the “No Discretionary Debt” topic detailed on the table on page 2 must be met. • Must meet manual underwriting cash reserveAccept Risk Classifications Requiring a Downgrade to. Manual Underwriting (cont.) • The Borrower has $1,000 or more collectively in Disputed. The minimum credit score for all FHA Manually underwritten loans is 620. All manual underwritten loans require a VOR If paid to a management company or FHA manual underwriting guidelines were updated in 2020 and require that, for those applicants with credit scores below 620 or a debt-to-income (DTI) ratio For credit scores below 620 FICO and when debt-to-income ratios exceed 43%, an FHA loan must be manually underwritten. The new mortgagee letter supersedes an