Accordingly, the U.S. Congress has approved legislation that increases the ceiling on loans the FHA can insure to as much as $729,750 in the highest-cost areas. Meanwhile, many banks also are requiring minimum credit scores for borrowers seeking FHA loans.HagertyJamesR.EBSCO_bspWall Street Journal Eastern Edition
The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans....
The application processes might also be quite different. A big bank might just tell you that your credit score is too low, whereas a broker may explain how credit scoring works. Then make recommendations like paying off some credit cards or student loans to make you eligible in the future. ...
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