This is very important as most loan officers will decline a borrower with a 400 credit score. If the mortgage broker has a lender that 'manually underwrites' their FHA loans, then they will have a good shot of receiving an mortgage ...

FHA credit policy changes...Remember when FHA was NOT credit...
For NCM to NCM refinances, the minimum credit score requirement does not have to be met if the borrower's payment is reduced as a result of the refinance. In addition, any FHA loan with a FICO score below 585 must be declined. ...