FHA Guidlines| Gustancho Mortgage (Real Estate - Apartments, Houses for Rent)

Item ID 2264935 in Category: Real Estate - Apartments, Houses for Rent

FHA Guidlines\| Gustancho Mortgage
The Federal Housing Administration (FHA) provides mortgage insurance on loans made by FHA-approved lenders, making it easier for individuals with lower credit scores or limited down payments to qualify for a mortgage. The FHA does not have a specific minimum credit score requirement. However, most lenders prefer a credit score of at least 580 to qualify for the 3.5% minimum down payment. If your credit score is between 500 and 579, you may still be eligible but must make a larger down payment (usually 10%). It's important to note that FHA guidelines are specific requirements, and loan terms may vary among lenders. To obtain detailed and accurate information regarding FHA loans, it's advisable to contact an FHA-approved lender or mortgage broker.
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Target State: All States Target City : All Cities Last Update : Jun 13, 2023 1:48 AM Number of Views: 85	Item Owner : Gustancho Mortgage Contact Email: Contact Phone: (None)

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2024-04-27 (0.388 sec)