Can my wife and I get a loan for $350,000 with a FICO score of 675 and 15% down?

You should be able to get a loan, however because you are putting less than 20% down Mortgage Insurance will be required and two sets of underwriting guidelines have to be taken into consideration, What State and Zip Code are you looking to purchase? What type of property and will you be occupying this house as your primary resident? there are few other factors to be taken into consideration, if you need more information and if this is a California property please feel free to call or email me directly at 310-933-4748 or houtan.hormozian@crestico.com

That works just fine. Of course there are other factors. If the home is in CA I can help you. I am at (707) 347-9250 or hans@hansblog.com we can look at other options as well and make sure that you want to put 15% down or maybe less.

An acceptable FICO score and a down payment do not automatically qualify you for any home loan. Based on the 675 FICO score and the fact that you are only putting 15% down, FHA might be your only option due to the fact that private mortgage insurance companies require a higher FICO score to insure the home loan. Another variable that will impact and influence which home loans you are eligible for will be the location of the home.