FHA loans may offer homebuyers more flexible lending requirements and a lower down payment. Learn how to get an FHA loan, the pros and cons and how to qualify.
FHA loan requirements and qualifications We've briefly touched on credit score requirements anddown payments, but there's a lot more that goes into qualifying for an FHA loan. Basic conditions vary by lender, but some factors they consider include: ...
Chase Bank vs. Citibank Two of the "big four" banks in the U.S.,ChaseandCitiare evenly matched in many ways, but Chase has twice as many low-down-payment mortgage options — including a Standard Agency loan with no income requirements. ...
JP Morgan Chase Bank plans to hire 1,200 mortgage loan officers in 23 states nationwide by the end of 2010. (Of course, that averages out to 100 per month, or four per state per month, but what the heck - they're still hiring.) "The additional workforce will...
Chase offers a good variety of loans with low or very low down payment requirements. The DreaMaker mortgage: This loan is for a primary residence and requires 3% down, which can come from a gift or grant. It has reduced mortgage insurance requirements compared to other low down payment option...
Generally, mortgage rates have very low interest rates for the environment in which you borrow them, since a mortgage is secured by real estate, making them a low-risk product for the bank. Many mortgage rates are fixed, meaning they remain ...
FHA appraisal and inspection checklist FHA appraisers follow the HUD guidelines for minimum property standards. Homes must meet the following appraisal requirements, or be repaired to meet requirements, to be approved for an FHA loan: Must have an undamaged exterior, foundation and roof ...
Our affordable lending options, including FHA loans and VA loans, help make homeownership possible. Check out our affordability calculator, and look for homebuyer grants in your area. Visit our mortgage education center for helpful tips and information. And from applying for a loan to managing you...
Generally, mortgage rates have very low interest rates for the environment in which you borrow them, since a mortgage is secured by real estate, making them a low-risk product for the bank. Many mortgage rates are fixed, meaning they remain the s...
Most mortgage lenders set the minimum credit score for a mortgage at around 620. But some loans, including a VA loan, have no minimum credit score requirements at all. Other government-backed loans, such as FHA loans, are available to applicants with lower scores. ...